Invesco S&P 500 Momentum ETF $SPMO Stock Sold by IFC & Insurance Marketing Inc.

IFC & Insurance Marketing Inc. lessened its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 7.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 57,742 shares of the company’s stock after selling 4,600 shares during the period. Invesco S&P 500 Momentum ETF comprises approximately 7.5% of IFC & Insurance Marketing Inc.’s portfolio, making the stock its 2nd largest position. IFC & Insurance Marketing Inc.’s holdings in Invesco S&P 500 Momentum ETF were worth $8,758,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SPMO. Envestnet Asset Management Inc. lifted its stake in Invesco S&P 500 Momentum ETF by 9.5% during the second quarter. Envestnet Asset Management Inc. now owns 1,479,343 shares of the company’s stock worth $238,973,000 after purchasing an additional 128,087 shares in the last quarter. Planning Alternatives Ltd. ADV grew its stake in shares of Invesco S&P 500 Momentum ETF by 22.9% in the first quarter. Planning Alternatives Ltd. ADV now owns 744,409 shares of the company’s stock valued at $83,456,000 after buying an additional 138,915 shares in the last quarter. Redwood Investment Management LLC grew its stake in shares of Invesco S&P 500 Momentum ETF by 5.3% in the first quarter. Redwood Investment Management LLC now owns 656,268 shares of the company’s stock valued at $73,574,000 after buying an additional 33,157 shares in the last quarter. Private Advisor Group LLC lifted its stake in Invesco S&P 500 Momentum ETF by 6.8% during the 1st quarter. Private Advisor Group LLC now owns 562,480 shares of the company’s stock worth $63,060,000 after acquiring an additional 35,630 shares in the last quarter. Finally, Sanctuary Advisors LLC lifted its stake in Invesco S&P 500 Momentum ETF by 3.3% during the 1st quarter. Sanctuary Advisors LLC now owns 288,988 shares of the company’s stock worth $32,398,000 after acquiring an additional 9,187 shares in the last quarter.

Invesco S&P 500 Momentum ETF Trading Down 2.3%

SPMO traded down $3.29 during mid-day trading on Friday, hitting $140.89. 2,137,663 shares of the stock were exchanged, compared to its average volume of 1,948,476. The firm’s fifty day moving average is $149.27 and its two-hundred day moving average is $144.95. Invesco S&P 500 Momentum ETF has a 1-year low of $107.24 and a 1-year high of $162.30. The company has a market cap of $21.74 billion, a PE ratio of 29.51 and a beta of 1.10.

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.