Money Concepts Capital Corp lowered its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 39.0% during the 1st quarter, Holdings Channel reports. The firm owned 619,748 shares of the company’s stock after selling 395,985 shares during the quarter. Invesco S&P 500 Momentum ETF makes up about 3.8% of Money Concepts Capital Corp’s holdings, making the stock its 2nd biggest position. Money Concepts Capital Corp’s holdings in Invesco S&P 500 Momentum ETF were worth $69,480,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Elevated Capital Advisors LLC purchased a new position in shares of Invesco S&P 500 Momentum ETF during the fourth quarter valued at about $33,000. Blue Trust Inc. lifted its position in shares of Invesco S&P 500 Momentum ETF by 35.8% in the first quarter. Blue Trust Inc. now owns 353 shares of the company’s stock worth $40,000 after buying an additional 93 shares in the last quarter. Dogwood Wealth Management LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF in the fourth quarter worth about $44,000. Networth Advisors LLC bought a new position in Invesco S&P 500 Momentum ETF during the first quarter valued at approximately $48,000. Finally, Salomon & Ludwin LLC boosted its stake in Invesco S&P 500 Momentum ETF by 61.3% during the fourth quarter. Salomon & Ludwin LLC now owns 492 shares of the company’s stock valued at $59,000 after buying an additional 187 shares during the last quarter.
Invesco S&P 500 Momentum ETF Price Performance
NYSEARCA SPMO opened at $153.08 on Friday. The stock has a market capitalization of $21.69 billion, a PE ratio of 29.51 and a beta of 1.09. The business has a 50 day simple moving average of $149.41 and a two-hundred day simple moving average of $130.18. Invesco S&P 500 Momentum ETF has a 1-year low of $107.24 and a 1-year high of $162.30.
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.
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