Advance Capital Management Inc. decreased its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 3.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,471 shares of the company’s stock after selling 663 shares during the period. Advance Capital Management Inc.’s holdings in Invesco S&P 500 Momentum ETF were worth $2,040,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPMO. B. Riley Wealth Advisors Inc. increased its position in Invesco S&P 500 Momentum ETF by 14.2% in the third quarter. B. Riley Wealth Advisors Inc. now owns 70,098 shares of the company’s stock worth $6,336,000 after buying an additional 8,741 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in Invesco S&P 500 Momentum ETF in the 3rd quarter worth about $4,384,000. Strait & Sound Wealth Management LLC raised its stake in Invesco S&P 500 Momentum ETF by 160.0% in the 3rd quarter. Strait & Sound Wealth Management LLC now owns 8,412 shares of the company’s stock valued at $762,000 after acquiring an additional 5,177 shares during the period. Brophy Wealth Management LLC purchased a new stake in Invesco S&P 500 Momentum ETF during the third quarter valued at about $255,000. Finally, Continuum Advisory LLC boosted its position in 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 worth $67,000 after purchasing an additional 216 shares during the period.
Invesco S&P 500 Momentum ETF Stock Performance
Invesco S&P 500 Momentum ETF stock traded up $0.68 during mid-day trading on Monday, reaching $97.57. The company’s stock had a trading volume of 1,094,425 shares, compared to its average volume of 899,073. The company has a market capitalization of $1.57 billion, a P/E ratio of 20.66 and a beta of 1.00. The firm’s fifty day moving average price is $95.73 and its two-hundred day moving average price is $91.11. Invesco S&P 500 Momentum ETF has a 12-month low of $64.87 and a 12-month high of $98.76.
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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