Royal Bank of Canada decreased its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 19.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 320,865 shares of the company’s stock after selling 79,360 shares during the quarter. Royal Bank of Canada owned 0.26% of Invesco S&P 500 Momentum ETF worth $35,973,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the stock. Elevated Capital Advisors LLC acquired a new position in Invesco S&P 500 Momentum ETF during the 4th quarter worth approximately $33,000. Blue Trust Inc. grew its stake in shares of Invesco S&P 500 Momentum ETF by 35.8% during the first quarter. Blue Trust Inc. now owns 353 shares of the company’s stock worth $40,000 after buying an additional 93 shares during the last quarter. Dogwood Wealth Management LLC bought a new stake in shares of Invesco S&P 500 Momentum ETF during the fourth quarter worth $44,000. Networth Advisors LLC bought a new stake in shares of Invesco S&P 500 Momentum ETF during the first quarter worth $48,000. Finally, Team Financial Group LLC increased its holdings in shares of 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 worth $53,000 after buying an additional 173 shares in the last quarter.
Invesco S&P 500 Momentum ETF Stock Performance
Shares of SPMO opened at $145.35 on Tuesday. Invesco S&P 500 Momentum ETF has a 52 week low of $107.24 and a 52 week high of $162.30. The stock has a market capitalization of $21.13 billion, a price-to-earnings ratio of 29.51 and a beta of 1.09. The stock has a fifty day moving average of $150.93 and a 200-day moving average of $133.31.
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.
Recommended Stories
- Five stocks we like better than Invesco S&P 500 Momentum ETF
- SpaceX’s First Earnings Report Could Decide Whether Shorts or Bulls Have Control
- Why Rare Earth Processing Could Be the Real 2027 Opportunity
- The S&P 493 Are Staging a Comeback—This Value ETF Offers Broad Exposure
- TSMC Insiders Are Buying the Pullback—But Is the Signal as Bullish as It Looks?
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).
Receive News & Ratings for Invesco S&P 500 Momentum ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco S&P 500 Momentum ETF and related companies with MarketBeat.com's FREE daily email newsletter.
