Orion Portfolio Solutions LLC Lowers Position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Orion Portfolio Solutions LLC trimmed its position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 33.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 476,417 shares of the company’s stock after selling 239,700 shares during the period. Orion Portfolio Solutions LLC owned 2.96% of Invesco S&P 500 Momentum ETF worth $45,264,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. PSI Advisors LLC increased its stake in shares of Invesco S&P 500 Momentum ETF by 61.8% in the 4th quarter. PSI Advisors LLC now owns 288 shares of the company’s stock worth $27,000 after acquiring an additional 110 shares in the last quarter. Global Trust Asset Management LLC increased its stake in shares of Invesco S&P 500 Momentum ETF by 95.5% during the fourth quarter. Global Trust Asset Management LLC now owns 430 shares of the company’s stock valued at $41,000 after purchasing an additional 210 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Invesco S&P 500 Momentum ETF in the 4th quarter worth approximately $48,000. Continuum Advisory LLC boosted its position in shares of Invesco S&P 500 Momentum ETF by 44.2% in the 3rd quarter. Continuum Advisory LLC now owns 705 shares of the company’s stock worth $67,000 after purchasing an additional 216 shares in the last quarter. Finally, Legacy Investment Solutions LLC bought a new position in Invesco S&P 500 Momentum ETF during the 3rd quarter valued at approximately $76,000.

Invesco S&P 500 Momentum ETF Trading Down 0.9 %

Invesco S&P 500 Momentum ETF stock opened at $94.41 on Friday. Invesco S&P 500 Momentum ETF has a 12 month low of $74.40 and a 12 month high of $103.44. The company has a market capitalization of $5.26 billion, a price-to-earnings ratio of 24.89 and a beta of 0.93. The business’s fifty day simple moving average is $98.49 and its two-hundred day simple moving average is $95.62.

Invesco S&P 500 Momentum ETF Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 24th will be given a dividend of $0.1794 per share. This is an increase from Invesco S&P 500 Momentum ETF’s previous dividend of $0.07. The ex-dividend date is Monday, March 24th.

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.