Family Investment Center Inc. decreased its position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 4.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 359,290 shares of the company’s stock after selling 17,043 shares during the period. Invesco S&P 500 Momentum ETF comprises 7.8% of Family Investment Center Inc.’s holdings, making the stock its 4th largest holding. Family Investment Center Inc. owned approximately 0.30% of Invesco S&P 500 Momentum ETF worth $40,280,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in the company. Elevated Capital Advisors LLC bought a new stake in Invesco S&P 500 Momentum ETF during the fourth quarter worth $33,000. Blue Trust Inc. boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 35.8% in the 1st quarter. Blue Trust Inc. now owns 353 shares of the company’s stock valued at $40,000 after purchasing an additional 93 shares in the last quarter. Dogwood Wealth Management LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF in the 4th quarter valued at $44,000. Networth Advisors LLC bought a new position in shares of Invesco S&P 500 Momentum ETF in the 1st quarter valued at $48,000. Finally, MAI Capital Management bought a new position in shares of Invesco S&P 500 Momentum ETF in the 3rd quarter valued at $50,000.
Invesco S&P 500 Momentum ETF Stock Performance
Invesco S&P 500 Momentum ETF stock opened at $161.54 on Wednesday. Invesco S&P 500 Momentum ETF has a 52 week low of $107.24 and a 52 week high of $162.30. The stock has a market capitalization of $19.69 billion, a P/E ratio of 29.51 and a beta of 1.11. The stock has a fifty day moving average of $146.27 and a 200-day moving average of $128.55.
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.
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