Family Investment Center Inc. Sells 17,043 Shares of Invesco S&P 500 Momentum ETF $SPMO

Family Investment Center Inc. cut its stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 4.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 359,290 shares of the company’s stock after selling 17,043 shares during the quarter. Invesco S&P 500 Momentum ETF accounts for about 7.8% of Family Investment Center Inc.’s portfolio, making the stock its 4th largest position. Family Investment Center Inc.’s holdings in Invesco S&P 500 Momentum ETF were worth $40,280,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in SPMO. Dynamic Advisor Solutions LLC lifted its stake in shares of Invesco S&P 500 Momentum ETF by 116.7% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 106,101 shares of the company’s stock valued at $12,660,000 after acquiring an additional 57,149 shares during the last quarter. IFP Advisors Inc grew its position in Invesco S&P 500 Momentum ETF by 98.0% during the 3rd quarter. IFP Advisors Inc now owns 10,833 shares of the company’s stock worth $1,311,000 after acquiring an additional 5,361 shares during the last quarter. CIBC Private Wealth Group LLC grew its position in Invesco S&P 500 Momentum ETF by 7,363.6% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 15,972 shares of the company’s stock worth $1,934,000 after acquiring an additional 15,758 shares during the last quarter. Able Wealth Management LLC grew its position in Invesco S&P 500 Momentum ETF by 13.0% during the 4th quarter. Able Wealth Management LLC now owns 120,379 shares of the company’s stock worth $14,364,000 after acquiring an additional 13,883 shares during the last quarter. Finally, Hutchens & Kramer Investment Management Group LLC increased its holdings in Invesco S&P 500 Momentum ETF by 1,035.6% in the 4th quarter. Hutchens & Kramer Investment Management Group LLC now owns 19,646 shares of the company’s stock worth $2,344,000 after purchasing an additional 17,916 shares in the last quarter.

Invesco S&P 500 Momentum ETF Trading Up 1.9%

Invesco S&P 500 Momentum ETF stock opened at $161.54 on Wednesday. The stock has a 50-day moving average price of $146.27 and a two-hundred day moving average price of $128.55. Invesco S&P 500 Momentum ETF has a 12 month low of $107.24 and a 12 month high of $162.30. The company has a market capitalization of $19.69 billion, a PE ratio of 29.51 and a beta of 1.11.

Invesco S&P 500 Momentum ETF 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.