Arrowroot Family Office LLC decreased its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 3.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,026 shares of the company’s stock after selling 525 shares during the period. Arrowroot Family Office LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $1,362,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. ORG Partners LLC purchased a new position in shares of Invesco S&P 500 Momentum ETF during the second quarter valued at about $38,000. Concourse Financial Group Securities Inc. boosted its position in shares of Invesco S&P 500 Momentum ETF by 103.9% during the 2nd quarter. Concourse Financial Group Securities Inc. now owns 569 shares of the company’s stock valued at $50,000 after acquiring an additional 290 shares during the last quarter. Richardson Financial Services Inc. grew its holdings in shares of Invesco S&P 500 Momentum ETF by 26.8% in the second quarter. Richardson Financial Services Inc. now owns 946 shares of the company’s stock valued at $83,000 after purchasing an additional 200 shares in the last quarter. Darwin Wealth Management LLC bought a new stake in Invesco S&P 500 Momentum ETF in the third quarter worth $158,000. Finally, TKG Advisors LLC bought a new position in Invesco S&P 500 Momentum ETF during the third quarter valued at $204,000.
Invesco S&P 500 Momentum ETF Trading Up 0.7 %
Shares of NYSEARCA SPMO opened at $96.83 on Monday. The stock has a market capitalization of $1.56 billion, a price-to-earnings ratio of 20.66 and a beta of 1.00. Invesco S&P 500 Momentum ETF has a 12-month low of $60.97 and a 12-month high of $97.36. The firm’s 50-day moving average price is $93.48 and its 200-day moving average price is $88.80.
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.
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