Invesco S&P 500 Momentum ETF $SPMO Shares Sold by UBS Group AG

UBS Group AG decreased its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 6.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 297,856 shares of the company’s stock after selling 22,137 shares during the quarter. UBS Group AG owned about 0.26% of Invesco S&P 500 Momentum ETF worth $35,540,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. CWM LLC raised its stake in Invesco S&P 500 Momentum ETF by 14.1% in the 4th quarter. CWM LLC now owns 2,992,182 shares of the company’s stock worth $357,027,000 after acquiring an additional 369,627 shares during the last quarter. Bank of America Corp DE raised its stake in Invesco S&P 500 Momentum ETF by 15.5% in the 3rd quarter. Bank of America Corp DE now owns 2,785,766 shares of the company’s stock worth $337,245,000 after acquiring an additional 374,417 shares during the last quarter. Vantagepoint Investment Advisers LLC purchased a new position in Invesco S&P 500 Momentum ETF in the 3rd quarter worth $317,167,000. Raymond James Financial Inc. raised its stake in Invesco S&P 500 Momentum ETF by 62.0% in the 3rd quarter. Raymond James Financial Inc. now owns 1,341,003 shares of the company’s stock worth $162,342,000 after acquiring an additional 513,037 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Invesco S&P 500 Momentum ETF by 35.3% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 1,099,802 shares of the company’s stock worth $133,142,000 after acquiring an additional 287,098 shares during the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

Shares of SPMO stock opened at $143.81 on Friday. The firm has a market capitalization of $17.53 billion, a price-to-earnings ratio of 29.51 and a beta of 1.09. The business has a fifty day moving average of $121.61 and a 200 day moving average of $120.25. Invesco S&P 500 Momentum ETF has a 1 year low of $97.86 and a 1 year high of $143.84.

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.