Invesco S&P 500 Momentum ETF $SPMO Shares Sold by RFG Advisory LLC

RFG Advisory LLC lowered its stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 68.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,639 shares of the company’s stock after selling 113,325 shares during the period. RFG Advisory LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $8,503,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of SPMO. Coppell Advisory Solutions LLC purchased a new position in Invesco S&P 500 Momentum ETF in the 2nd quarter valued at about $26,000. Blue Trust Inc. increased its stake in Invesco S&P 500 Momentum ETF by 35.8% during the 1st quarter. Blue Trust Inc. now owns 353 shares of the company’s stock worth $40,000 after buying an additional 93 shares in the last quarter. Montgomery Financial Services LLC purchased a new stake in Invesco S&P 500 Momentum ETF during the 2nd quarter worth approximately $46,000. Networth Advisors LLC acquired a new position in shares of Invesco S&P 500 Momentum ETF during the first quarter valued at approximately $48,000. Finally, Wellington Grp LLC raised its holdings in shares of Invesco S&P 500 Momentum ETF by 43.6% during the first quarter. Wellington Grp LLC now owns 458 shares of the company’s stock valued at $51,000 after acquiring an additional 139 shares during the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

NYSEARCA SPMO opened at $150.47 on Wednesday. The company has a market cap of $22.03 billion, a PE ratio of 29.51 and a beta of 1.10. The stock’s 50 day simple moving average is $148.66 and its 200-day simple moving average is $138.83. Invesco S&P 500 Momentum ETF has a 1-year low of $107.24 and a 1-year high of $162.30.

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.