Invesco S&P 500 Momentum ETF $SPMO Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. cut its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 55.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 237,209 shares of the company’s stock after selling 300,065 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Invesco S&P 500 Momentum ETF were worth $28,304,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Capstone Wealth Management Group LLC raised its holdings in Invesco S&P 500 Momentum ETF by 129.4% in the 1st quarter. Capstone Wealth Management Group LLC now owns 116,148 shares of the company’s stock valued at $10,747,000 after buying an additional 65,515 shares during the period. Goldman Sachs Group Inc. purchased a new position in Invesco S&P 500 Momentum ETF during the first quarter worth about $18,900,000. Jane Street Group LLC boosted its stake in Invesco S&P 500 Momentum ETF by 346.5% during the first quarter. Jane Street Group LLC now owns 40,389 shares of the company’s stock worth $3,737,000 after buying an additional 31,344 shares during the period. Invesco Ltd. boosted its stake in Invesco S&P 500 Momentum ETF by 43.9% during the second quarter. Invesco Ltd. now owns 76,100 shares of the company’s stock worth $8,559,000 after buying an additional 23,223 shares during the period. Finally, NewEdge Advisors LLC increased its position in shares of Invesco S&P 500 Momentum ETF by 11.7% during the second quarter. NewEdge Advisors LLC now owns 49,744 shares of the company’s stock valued at $5,595,000 after acquiring an additional 5,209 shares during the last quarter.

Invesco S&P 500 Momentum ETF Stock Performance

Invesco S&P 500 Momentum ETF stock opened at $128.30 on Friday. The company’s 50 day simple moving average is $118.46 and its 200-day simple moving average is $119.27. Invesco S&P 500 Momentum ETF has a 1 year low of $84.86 and a 1 year high of $128.43. The company has a market capitalization of $14.94 billion, a price-to-earnings ratio of 29.51 and a beta of 1.02.

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.