Cyr Financial Inc. Has $1 Million Holdings in Invesco S&P 500 Momentum ETF $SPMO

Cyr Financial Inc. lessened its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 8.6% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 8,905 shares of the company’s stock after selling 833 shares during the period. Invesco S&P 500 Momentum ETF comprises about 0.8% of Cyr Financial Inc.’s holdings, making the stock its 27th biggest position. Cyr Financial Inc.’s holdings in Invesco S&P 500 Momentum ETF were worth $1,002,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Envestnet Asset Management Inc. lifted its stake in Invesco S&P 500 Momentum ETF by 41.7% during the first quarter. Envestnet Asset Management Inc. now owns 6,014,557 shares of the company’s stock worth $556,527,000 after purchasing an additional 1,770,226 shares during the period. LPL Financial LLC increased its stake in shares of Invesco S&P 500 Momentum ETF by 64.3% in the first quarter. LPL Financial LLC now owns 3,579,241 shares of the company’s stock valued at $331,187,000 after buying an additional 1,400,512 shares in the last quarter. CWM LLC raised its stake in shares of Invesco S&P 500 Momentum ETF by 201.9% in the first quarter. CWM LLC now owns 1,313,198 shares of the company’s stock worth $121,510,000 after acquiring an additional 878,259 shares during the last quarter. Alpine Bank Wealth Management bought a new position in Invesco S&P 500 Momentum ETF in the 1st quarter worth approximately $56,345,000. Finally, BNP Paribas Financial Markets bought a new stake in shares of Invesco S&P 500 Momentum ETF during the first quarter worth $40,743,000.

Invesco S&P 500 Momentum ETF Trading Up 0.2%

Invesco S&P 500 Momentum ETF stock opened at $120.58 on Monday. The company’s 50-day moving average is $117.38 and its two-hundred day moving average is $106.56. Invesco S&P 500 Momentum ETF has a 1 year low of $78.25 and a 1 year high of $122.30. The company has a market cap of $11.46 billion, a PE ratio of 29.51 and a beta of 0.89.

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.