D.A. Davidson & CO. decreased its position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 57.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,621 shares of the company’s stock after selling 14,500 shares during the period. D.A. Davidson & CO.’s holdings in Invesco S&P 500 Momentum ETF were worth $1,191,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in SPMO. Elevated Capital Advisors LLC purchased a new position in Invesco S&P 500 Momentum ETF in the fourth quarter valued at about $33,000. Blue Trust Inc. raised its position 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 position in shares of Invesco S&P 500 Momentum ETF in the 4th quarter valued at approximately $44,000. Networth Advisors LLC purchased a new position in shares of Invesco S&P 500 Momentum ETF during the 1st quarter valued at approximately $48,000. Finally, Team Financial Group LLC boosted its stake in shares of Invesco S&P 500 Momentum ETF by 58.4% during the 1st quarter. Team Financial Group LLC now owns 469 shares of the company’s stock valued at $53,000 after buying an additional 173 shares during the last quarter.
Invesco S&P 500 Momentum ETF Trading Up 0.2%
SPMO stock opened at $150.07 on Thursday. Invesco S&P 500 Momentum ETF has a twelve month low of $107.24 and a twelve month high of $162.30. The company has a market capitalization of $21.60 billion, a P/E ratio of 29.51 and a beta of 1.09. The firm has a 50 day simple moving average of $150.93 and a 200-day simple moving average of $131.97.
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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