Invesco S&P 500 Momentum ETF $SPMO Stock Position Reduced by Peak Financial Advisors LLC

Peak Financial Advisors LLC cut its stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 19.4% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 29,815 shares of the company’s stock after selling 7,165 shares during the period. Invesco S&P 500 Momentum ETF comprises approximately 1.5% of Peak Financial Advisors LLC’s holdings, making the stock its 16th largest position. Peak Financial Advisors LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $3,343,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in SPMO. BNP Paribas Financial Markets boosted its stake in shares of Invesco S&P 500 Momentum ETF by 1,586.1% during the 4th quarter. BNP Paribas Financial Markets now owns 1,423,949 shares of the company’s stock valued at $169,906,000 after buying an additional 1,339,497 shares during the period. Bank of America Corp DE raised its holdings in shares of Invesco S&P 500 Momentum ETF by 30.4% during the second quarter. Bank of America Corp DE now owns 2,411,349 shares of the company’s stock worth $271,204,000 after acquiring an additional 562,290 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Invesco S&P 500 Momentum ETF by 75.9% during the fourth quarter. JPMorgan Chase & Co. now owns 1,231,078 shares of the company’s stock worth $146,892,000 after acquiring an additional 531,093 shares in the last quarter. Raymond James Financial Inc. raised its holdings in shares of Invesco S&P 500 Momentum ETF by 62.0% during the third 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 in the last quarter. Finally, Thrivent Financial for Lutherans boosted its position in Invesco S&P 500 Momentum ETF by 254.4% during the fourth quarter. Thrivent Financial for Lutherans now owns 545,673 shares of the company’s stock valued at $65,356,000 after purchasing an additional 391,694 shares during the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

Shares of NYSEARCA SPMO opened at $154.20 on Monday. The business’s 50-day moving average price is $144.97 and its two-hundred day moving average price is $128.01. Invesco S&P 500 Momentum ETF has a one year low of $107.24 and a one year high of $162.30. The company has a market capitalization of $18.80 billion, a P/E ratio of 29.51 and a beta of 1.11.

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.