Focus Financial Network Inc. Has $4.80 Million Holdings in Invesco S&P 500 Momentum ETF $SPMO

Focus Financial Network Inc. lessened its stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 24.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 29,699 shares of the company’s stock after selling 9,637 shares during the quarter. Focus Financial Network Inc.’s holdings in Invesco S&P 500 Momentum ETF were worth $4,798,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Capstone Wealth Management Group LLC raised its stake in shares of 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 acquiring an additional 65,515 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in Invesco S&P 500 Momentum ETF during the first quarter worth approximately $18,900,000. Jane Street Group LLC boosted its position 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 purchasing an additional 31,344 shares during the period. Invesco Ltd. grew its holdings 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 valued at $8,559,000 after purchasing an additional 23,223 shares during the last quarter. Finally, NewEdge Advisors LLC grew its holdings in 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 purchasing an additional 5,209 shares during the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

NYSEARCA:SPMO opened at $149.69 on Monday. Invesco S&P 500 Momentum ETF has a 12 month low of $107.24 and a 12 month high of $162.30. The firm has a market cap of $21.92 billion, a price-to-earnings ratio of 29.51 and a beta of 1.10. The company’s 50 day moving average is $150.93 and its 200-day moving average is $134.17.

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.