Invesco S&P 500 Momentum ETF $SPMO Shares Sold by Financial Advocates Investment Management

Financial Advocates Investment Management trimmed its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 13.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 30,187 shares of the company’s stock after selling 4,759 shares during the period. Invesco S&P 500 Momentum ETF accounts for about 2.1% of Financial Advocates Investment Management’s holdings, making the stock its 15th biggest holding. Financial Advocates Investment Management’s holdings in Invesco S&P 500 Momentum ETF were worth $3,654,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Schroder Investment Management Group purchased a new stake in shares of Invesco S&P 500 Momentum ETF in the second quarter worth about $26,000. Cullen Frost Bankers Inc. acquired a new position in Invesco S&P 500 Momentum ETF during the 3rd quarter worth approximately $27,000. GHP Investment Advisors Inc. boosted its holdings in Invesco S&P 500 Momentum ETF by 99.2% in the 2nd quarter. GHP Investment Advisors Inc. now owns 265 shares of the company’s stock worth $30,000 after acquiring an additional 132 shares during the period. Mark Sheptoff Financial Planning LLC acquired a new stake in Invesco S&P 500 Momentum ETF in the second quarter valued at approximately $31,000. Finally, Blue Trust Inc. acquired a new stake in Invesco S&P 500 Momentum ETF in the third quarter valued at approximately $31,000.

Invesco S&P 500 Momentum ETF Trading Down 1.9%

NYSEARCA SPMO opened at $118.27 on Friday. The stock has a market cap of $13.43 billion, a P/E ratio of 29.51 and a beta of 0.98. The company’s fifty day simple moving average is $119.66 and its 200-day simple moving average is $119.11. Invesco S&P 500 Momentum ETF has a 52 week low of $78.25 and a 52 week high of $124.56.

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.