Advance Capital Management Inc. Has $2.04 Million Stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Advance Capital Management Inc. lessened its stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 3.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 21,471 shares of the company’s stock after selling 663 shares during the period. Advance Capital Management Inc. owned 0.13% of Invesco S&P 500 Momentum ETF worth $2,040,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of SPMO. Commonwealth Equity Services LLC grew its stake in Invesco S&P 500 Momentum ETF by 127.6% in the second quarter. Commonwealth Equity Services LLC now owns 42,600 shares of the company’s stock valued at $3,726,000 after acquiring an additional 23,880 shares during the period. National Bank of Canada FI increased its stake in Invesco S&P 500 Momentum ETF by 1,044.4% during the 2nd quarter. National Bank of Canada FI now owns 3,605 shares of the company’s stock valued at $316,000 after purchasing an additional 3,290 shares in the last quarter. Private Advisor Group LLC grew its holdings in shares of Invesco S&P 500 Momentum ETF by 255.8% during the second quarter. Private Advisor Group LLC now owns 20,271 shares of the company’s stock valued at $1,773,000 after buying an additional 14,574 shares during the last quarter. Lake Street Advisors Group LLC increased its holdings in Invesco S&P 500 Momentum ETF by 10.9% during the 2nd quarter. Lake Street Advisors Group LLC now owns 5,600 shares of the company’s stock worth $490,000 after purchasing an additional 550 shares in the last quarter. Finally, TAP Consulting LLC lifted its holdings in shares of Invesco S&P 500 Momentum ETF by 62.4% in the second quarter. TAP Consulting LLC now owns 55,888 shares of the company’s stock valued at $4,888,000 after purchasing an additional 21,484 shares in the last quarter.

Invesco S&P 500 Momentum ETF Stock Up 0.7 %

Invesco S&P 500 Momentum ETF stock traded up $0.68 during midday trading on Monday, hitting $97.57. 1,094,425 shares of the stock were exchanged, compared to its average volume of 899,073. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 20.66 and a beta of 1.00. Invesco S&P 500 Momentum ETF has a 52-week low of $64.87 and a 52-week high of $98.76. The business’s 50-day moving average price is $95.73 and its 200-day moving average price is $91.11.

Invesco S&P 500 Momentum ETF 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.