Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)’s share price passed below its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $137.83 and traded as low as $134.72. Invesco S&P 500 Momentum ETF shares last traded at $136.27, with a volume of 3,050,275 shares changing hands.

Invesco S&P 500 Momentum ETF Trading Down 4.3%

The company has a fifty day moving average price of $147.35 and a two-hundred day moving average price of $137.83. The firm has a market capitalization of $21.29 billion, a price-to-earnings ratio of 29.51 and a beta of 1.10.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Kestra Private Wealth Services LLC bought a new position in Invesco S&P 500 Momentum ETF in the third quarter worth approximately $2,258,000. Chicago Partners Investment Group LLC acquired a new position in shares of Invesco S&P 500 Momentum ETF in the 3rd quarter valued at about $13,497,000. Basso Capital Management L.P. acquired a new position in shares of Invesco S&P 500 Momentum ETF in the 3rd quarter valued at about $11,935,000. Pioneer Family Office LLC lifted its position in shares of Invesco S&P 500 Momentum ETF by 8.1% during the 3rd quarter. Pioneer Family Office LLC now owns 119,320 shares of the company’s stock valued at $18,083,000 after acquiring an additional 8,965 shares during the last quarter. Finally, Caldwell Trust Co acquired a new stake in Invesco S&P 500 Momentum ETF in the 3rd quarter worth approximately $42,000.

Invesco S&P 500 Momentum ETF Company Profile

The Invesco S&P 500 Momentum ETF (SPMO) is an exchange-traded fund that is based on the S&P 500 Momentum (US Dollar) index. The fund tracks an index of 100 S&P 500 components with the strongest volatility-adjusted momentum. SPMO was launched on Oct 9, 2015 and is managed by Invesco.