TSA Wealth Managment LLC decreased its position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 10.6% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 29,376 shares of the company’s stock after selling 3,498 shares during the quarter. Invesco S&P 500 Momentum ETF accounts for about 1.1% of TSA Wealth Managment LLC’s investment portfolio, making the stock its 20th biggest holding. TSA Wealth Managment LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $2,718,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in shares of Invesco S&P 500 Momentum ETF in the 4th quarter valued at approximately $14,373,000. Truist Financial Corp lifted its holdings in Invesco S&P 500 Momentum ETF by 22.6% in the 4th quarter. Truist Financial Corp now owns 12,884 shares of the company’s stock worth $1,224,000 after purchasing an additional 2,379 shares during the last quarter. US Bancorp DE lifted its holdings in Invesco S&P 500 Momentum ETF by 145.9% in the 4th quarter. US Bancorp DE now owns 14,727 shares of the company’s stock worth $1,399,000 after purchasing an additional 8,739 shares during the last quarter. HighTower Advisors LLC lifted its holdings in Invesco S&P 500 Momentum ETF by 12.6% in the 4th quarter. HighTower Advisors LLC now owns 57,587 shares of the company’s stock worth $5,471,000 after purchasing an additional 6,460 shares during the last quarter. Finally, IFP Advisors Inc acquired a new stake in Invesco S&P 500 Momentum ETF in the 4th quarter worth approximately $211,000.
Invesco S&P 500 Momentum ETF Stock Performance
SPMO opened at $109.95 on Thursday. The business has a 50 day moving average price of $101.77 and a 200 day moving average price of $98.16. Invesco S&P 500 Momentum ETF has a twelve month low of $76.75 and a twelve month high of $110.50. The firm has a market cap of $8.94 billion, a P/E ratio of 28.02 and a beta of 0.99.
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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