Quantinno Capital Management LP decreased its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 33.5% during the first quarter, Holdings Channel.com reports. The firm owned 6,982 shares of the company’s stock after selling 3,522 shares during the period. Quantinno Capital Management LP’s holdings in Invesco S&P 500 Momentum ETF were worth $783,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in SPMO. Elevated Capital Advisors LLC bought a new stake in shares of Invesco S&P 500 Momentum ETF in the 4th quarter worth about $33,000. Blue Trust Inc. grew its position in Invesco S&P 500 Momentum ETF by 35.8% in the first quarter. Blue Trust Inc. now owns 353 shares of the company’s stock worth $40,000 after acquiring an additional 93 shares in the last quarter. Dogwood Wealth Management LLC purchased a new position in Invesco S&P 500 Momentum ETF in the fourth quarter worth about $44,000. Networth Advisors LLC purchased a new position in Invesco S&P 500 Momentum ETF in the first quarter worth about $48,000. Finally, Team Financial Group LLC raised its position in Invesco S&P 500 Momentum ETF by 58.4% during the first quarter. Team Financial Group LLC now owns 469 shares of the company’s stock valued at $53,000 after purchasing an additional 173 shares during the period.
Invesco S&P 500 Momentum ETF Price Performance
Shares of SPMO stock opened at $155.16 on Tuesday. The company has a market cap of $22.72 billion, a PE ratio of 29.51 and a beta of 1.10. The stock’s 50 day simple moving average is $150.99 and its two-hundred day simple moving average is $135.58. Invesco S&P 500 Momentum ETF has a 1 year low of $107.24 and a 1 year high of $162.30.
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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Want to see what other hedge funds are holding SPMO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report).
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