Cibc World Market Inc. Sells 132,918 Shares of Invesco S&P 500 Momentum ETF $SPMO

Cibc World Market Inc. lessened its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 81.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 29,636 shares of the company’s stock after selling 132,918 shares during the period. Cibc World Market Inc.’s holdings in Invesco S&P 500 Momentum ETF were worth $3,536,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of SPMO. CWM LLC raised its position in shares of Invesco S&P 500 Momentum ETF by 14.1% in the 4th quarter. CWM LLC now owns 2,992,182 shares of the company’s stock worth $357,027,000 after purchasing an additional 369,627 shares during the last quarter. Bank of America Corp DE raised its position in shares of Invesco S&P 500 Momentum ETF by 15.5% in the 3rd quarter. Bank of America Corp DE now owns 2,785,766 shares of the company’s stock worth $337,245,000 after purchasing an additional 374,417 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of Invesco S&P 500 Momentum ETF by 1,586.1% in the 4th quarter. BNP Paribas Financial Markets now owns 1,423,949 shares of the company’s stock worth $169,906,000 after purchasing an additional 1,339,497 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Invesco S&P 500 Momentum ETF by 25.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,376,905 shares of the company’s stock worth $164,292,000 after purchasing an additional 277,103 shares during the last quarter. Finally, Raymond James Financial Inc. raised its position in shares of Invesco S&P 500 Momentum ETF by 62.0% in the 3rd quarter. Raymond James Financial Inc. now owns 1,341,003 shares of the company’s stock worth $162,342,000 after purchasing an additional 513,037 shares during the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

SPMO opened at $147.88 on Tuesday. The stock has a 50-day moving average price of $134.70 and a 200-day moving average price of $124.44. The firm has a market cap of $18.03 billion, a PE ratio of 29.51 and a beta of 1.11. Invesco S&P 500 Momentum ETF has a 1 year low of $105.74 and a 1 year high of $155.74.

About Invesco S&P 500 Momentum ETF

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.