Invesco S&P 500 Momentum ETF $SPMO is Concorde Asset Management LLC’s 3rd Largest Position

Concorde Asset Management LLC trimmed its stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 33.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 53,272 shares of the company’s stock after selling 26,734 shares during the quarter. Invesco S&P 500 Momentum ETF accounts for about 2.9% of Concorde Asset Management LLC’s holdings, making the stock its 3rd largest position. Concorde Asset Management LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $5,972,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in SPMO. Elevated Capital Advisors LLC purchased a new position in Invesco S&P 500 Momentum ETF during the 4th quarter valued at about $33,000. Blue Trust Inc. increased its position in shares of Invesco S&P 500 Momentum ETF by 35.8% during the first quarter. Blue Trust Inc. now owns 353 shares of the company’s stock valued at $40,000 after buying an additional 93 shares during the period. Dogwood Wealth Management LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF in the fourth quarter worth about $44,000. Networth Advisors LLC bought a new position in shares of Invesco S&P 500 Momentum ETF in the first quarter valued at approximately $48,000. Finally, Wellington Grp LLC boosted its position in shares of Invesco S&P 500 Momentum ETF by 43.6% in the first quarter. Wellington Grp LLC now owns 458 shares of the company’s stock valued at $51,000 after acquiring an additional 139 shares during the period.

Invesco S&P 500 Momentum ETF Trading Up 0.3%

Shares of NYSEARCA:SPMO opened at $143.83 on Friday. The company has a 50 day moving average of $150.92 and a 200 day moving average of $133.05. The stock has a market cap of $20.91 billion, a P/E ratio of 29.51 and a beta of 1.09. Invesco S&P 500 Momentum ETF has a 12 month low of $107.24 and a 12 month high of $162.30.

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.