Good Life Advisors LLC Sells 2,224 Shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Good Life Advisors LLC decreased its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 42.3% in the fourth quarter, Holdings Channel reports. The fund owned 3,030 shares of the company’s stock after selling 2,224 shares during the quarter. Good Life Advisors LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $288,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. PSI Advisors LLC lifted its stake in Invesco S&P 500 Momentum ETF by 61.8% in the fourth quarter. PSI Advisors LLC now owns 288 shares of the company’s stock worth $27,000 after purchasing an additional 110 shares during the last quarter. Global Trust Asset Management LLC raised its stake in shares of Invesco S&P 500 Momentum ETF by 95.5% during the fourth quarter. Global Trust Asset Management LLC now owns 430 shares of the company’s stock valued at $41,000 after acquiring an additional 210 shares in the last quarter. Continuum Advisory LLC raised its stake in shares of Invesco S&P 500 Momentum ETF by 44.2% during the third quarter. Continuum Advisory LLC now owns 705 shares of the company’s stock valued at $67,000 after acquiring an additional 216 shares in the last quarter. Legacy Investment Solutions LLC bought a new stake in shares of Invesco S&P 500 Momentum ETF during the third quarter valued at approximately $76,000. Finally, AdvisorNet Financial Inc raised its stake in shares of Invesco S&P 500 Momentum ETF by 85.7% during the fourth quarter. AdvisorNet Financial Inc now owns 1,302 shares of the company’s stock valued at $124,000 after acquiring an additional 601 shares in the last quarter.

Invesco S&P 500 Momentum ETF Stock Performance

Invesco S&P 500 Momentum ETF stock opened at $99.91 on Friday. The company has a 50 day moving average price of $98.83 and a 200-day moving average price of $94.01. Invesco S&P 500 Momentum ETF has a fifty-two week low of $74.40 and a fifty-two week high of $103.44. The company has a market capitalization of $1.61 billion, a PE ratio of 20.66 and a beta of 1.00.

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.