Clear Creek Financial Management LLC Has $9.16 Million Stock Position in Invesco S&P 500 Momentum ETF $SPMO

Clear Creek Financial Management LLC lessened its position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 5.7% in the third quarter, according to its most recent filing with the SEC. The firm owned 75,641 shares of the company’s stock after selling 4,607 shares during the quarter. Invesco S&P 500 Momentum ETF makes up approximately 0.8% of Clear Creek Financial Management LLC’s investment portfolio, making the stock its 23rd largest holding. Clear Creek Financial Management LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $9,157,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SPMO. Schroder Investment Management Group acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the second quarter worth $26,000. Cullen Frost Bankers Inc. bought a new stake in Invesco S&P 500 Momentum ETF during the third quarter valued at $27,000. GHP Investment Advisors Inc. grew its holdings in Invesco S&P 500 Momentum ETF by 99.2% during 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 bought a new position in shares of Invesco S&P 500 Momentum ETF in the 2nd quarter worth about $31,000. Finally, Blue Trust Inc. acquired a new position in shares of Invesco S&P 500 Momentum ETF in the 3rd quarter valued at about $31,000.

Invesco S&P 500 Momentum ETF Price Performance

Shares of Invesco S&P 500 Momentum ETF stock opened at $119.39 on Friday. The stock’s 50-day moving average is $119.43 and its 200 day moving average is $119.25. Invesco S&P 500 Momentum ETF has a one year low of $78.25 and a one year high of $124.56. The firm has a market cap of $13.56 billion, a price-to-earnings ratio of 29.51 and a beta of 0.98.

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.