Focus Financial Network Inc. cut its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 24.5% during the second quarter, HoldingsChannel reports. The firm owned 29,699 shares of the company’s stock after selling 9,637 shares during the period. Focus Financial Network Inc.’s holdings in Invesco S&P 500 Momentum ETF were worth $4,798,000 as of its most recent filing with the SEC.
Several other large investors have also made changes to their positions in SPMO. Able Wealth Management LLC raised its stake in Invesco S&P 500 Momentum ETF by 13.0% during the 4th quarter. Able Wealth Management LLC now owns 120,379 shares of the company’s stock valued at $14,364,000 after purchasing an additional 13,883 shares during the last quarter. Strategic Blueprint LLC boosted its holdings in Invesco S&P 500 Momentum ETF by 111.1% in the 4th quarter. Strategic Blueprint LLC now owns 18,487 shares of the company’s stock valued at $2,206,000 after purchasing an additional 9,729 shares during the period. Financial Enhancement Group LLC grew its position in Invesco S&P 500 Momentum ETF by 6.9% in the 4th quarter. Financial Enhancement Group LLC now owns 129,039 shares of the company’s stock worth $15,181,000 after purchasing an additional 8,369 shares during the last quarter. BNP Paribas Financial Markets grew its position in Invesco S&P 500 Momentum ETF by 1,586.1% in the 4th quarter. BNP Paribas Financial Markets now owns 1,423,949 shares of the company’s stock worth $169,906,000 after purchasing an additional 1,339,497 shares during the last quarter. Finally, Invst LLC increased its holdings in shares of Invesco S&P 500 Momentum ETF by 8.9% during the 4th quarter. Invst LLC now owns 306,818 shares of the company’s stock worth $36,610,000 after purchasing an additional 25,006 shares during the period.
Invesco S&P 500 Momentum ETF Stock Performance
NYSEARCA:SPMO opened at $149.69 on Monday. The firm’s 50-day moving average is $150.93 and its 200-day moving average is $134.17. The company has a market cap of $21.92 billion, a price-to-earnings ratio of 29.51 and a beta of 1.10. Invesco S&P 500 Momentum ETF has a 52-week low of $107.24 and a 52-week high of $162.30.
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.
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