Smart Money Group LLC Trims Stock Holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Smart Money Group LLC reduced its position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 97.9% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,317 shares of the company’s stock after selling 250,286 shares during the quarter. Smart Money Group LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $492,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of SPMO. Raymond James Financial Inc. purchased a new position in Invesco S&P 500 Momentum ETF during the fourth quarter valued at approximately $14,373,000. US Bancorp DE increased its holdings in shares of Invesco S&P 500 Momentum ETF by 145.9% during the 4th quarter. US Bancorp DE now owns 14,727 shares of the company’s stock valued at $1,399,000 after purchasing an additional 8,739 shares in the last quarter. HighTower Advisors LLC lifted its stake in shares of 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 valued at $5,471,000 after purchasing an additional 6,460 shares during the period. Sowell Financial Services LLC purchased a new stake in Invesco S&P 500 Momentum ETF during the first quarter worth $202,000. Finally, Avantax Advisory Services Inc. grew its position in Invesco S&P 500 Momentum ETF by 188.1% during the fourth quarter. Avantax Advisory Services Inc. now owns 16,655 shares of the company’s stock valued at $1,582,000 after buying an additional 10,874 shares during the period.

Invesco S&P 500 Momentum ETF Stock Performance

Invesco S&P 500 Momentum ETF stock opened at $111.36 on Thursday. The company’s fifty day moving average price is $104.09 and its 200 day moving average price is $98.66. Invesco S&P 500 Momentum ETF has a 1 year low of $76.75 and a 1 year high of $112.68. The stock has a market capitalization of $9.23 billion, a P/E ratio of 28.02 and a beta of 0.89.

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.