Advisory Services Network LLC Sells 5,348 Shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Advisory Services Network LLC cut its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 36.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,270 shares of the company’s stock after selling 5,348 shares during the period. Advisory Services Network LLC owned approximately 0.06% of Invesco S&P 500 Momentum ETF worth $881,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the company. Renaissance Technologies LLC lifted its holdings in Invesco S&P 500 Momentum ETF by 612.9% during the 4th quarter. Renaissance Technologies LLC now owns 44,200 shares of the company’s stock valued at $4,199,000 after purchasing an additional 38,000 shares during the last quarter. Bush Investment Group LLC acquired a new stake in Invesco S&P 500 Momentum ETF during the fourth quarter worth approximately $904,000. Trek Financial LLC bought a new position in shares of Invesco S&P 500 Momentum ETF in the fourth quarter worth $641,000. Perennial Investment Advisors LLC bought a new position in Invesco S&P 500 Momentum ETF in the 4th quarter valued at about $1,535,000. Finally, Wells Fargo & Company MN raised its position in Invesco S&P 500 Momentum ETF by 75,657.3% during the fourth quarter. Wells Fargo & Company MN now owns 312,120 shares of the company’s stock valued at $29,655,000 after purchasing an additional 311,708 shares in the last quarter.

Invesco S&P 500 Momentum ETF Trading Up 0.4 %

SPMO stock opened at $90.22 on Tuesday. Invesco S&P 500 Momentum ETF has a 12 month low of $74.40 and a 12 month high of $103.44. The stock has a market capitalization of $5.26 billion, a P/E ratio of 24.93 and a beta of 0.93. The firm has a 50-day moving average price of $95.35 and a 200-day moving average price of $95.63.

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.