Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lowered its position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 22.8% in the third quarter, Holdings Channel reports. The firm owned 20,120 shares of the company’s stock after selling 5,950 shares during the period. Oppenheimer & Co. Inc.’s holdings in Invesco S&P 500 Momentum ETF were worth $1,824,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SPMO. Envestnet Asset Management Inc. raised its position in Invesco S&P 500 Momentum ETF by 36.4% in the second quarter. Envestnet Asset Management Inc. now owns 5,461,136 shares of the company’s stock valued at $477,631,000 after purchasing an additional 1,456,957 shares during the period. LPL Financial LLC lifted its position in Invesco S&P 500 Momentum ETF by 33.7% during the 2nd quarter. LPL Financial LLC now owns 1,129,339 shares of the company’s stock worth $98,772,000 after acquiring an additional 284,359 shares in the last quarter. Cetera Investment Advisers lifted its position in Invesco S&P 500 Momentum ETF by 61.6% during the 2nd quarter. Cetera Investment Advisers now owns 377,409 shares of the company’s stock worth $33,008,000 after acquiring an additional 143,810 shares in the last quarter. Principal Securities Inc. boosted its holdings in Invesco S&P 500 Momentum ETF by 10.3% in the 3rd quarter. Principal Securities Inc. now owns 321,860 shares of the company’s stock worth $29,173,000 after acquiring an additional 30,133 shares during the period. Finally, Family Investment Center Inc. grew its position in Invesco S&P 500 Momentum ETF by 1.5% in the third quarter. Family Investment Center Inc. now owns 293,274 shares of the company’s stock valued at $26,582,000 after acquiring an additional 4,245 shares in the last quarter.

Invesco S&P 500 Momentum ETF Trading Down 1.6 %

NYSEARCA SPMO opened at $93.90 on Monday. The company’s fifty day simple moving average is $92.03 and its 200-day simple moving average is $87.56. The stock has a market cap of $1.51 billion, a P/E ratio of 20.66 and a beta of 1.00. Invesco S&P 500 Momentum ETF has a 52 week low of $60.97 and a 52 week high of $97.36.

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.