New Century Financial Group LLC Cuts Stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

New Century Financial Group LLC cut its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 28.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 9,425 shares of the company’s stock after selling 3,758 shares during the period. New Century Financial Group LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $913,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of SPMO. PSI Advisors LLC boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 61.8% in the 4th quarter. PSI Advisors LLC now owns 288 shares of the company’s stock valued at $27,000 after purchasing an additional 110 shares during the last quarter. Global Trust Asset Management LLC raised its position in shares of Invesco S&P 500 Momentum ETF by 95.5% in the 4th quarter. Global Trust Asset Management LLC now owns 430 shares of the company’s stock worth $41,000 after buying an additional 210 shares during the period. Continuum Advisory LLC boosted its holdings in Invesco S&P 500 Momentum ETF by 44.2% in the third quarter. Continuum Advisory LLC now owns 705 shares of the company’s stock valued at $67,000 after acquiring an additional 216 shares during the last quarter. Legacy Investment Solutions LLC purchased a new stake in Invesco S&P 500 Momentum ETF during the third quarter valued at about $76,000. Finally, AdvisorNet Financial Inc increased its stake in Invesco S&P 500 Momentum ETF by 85.7% during the fourth quarter. AdvisorNet Financial Inc now owns 1,302 shares of the company’s stock worth $124,000 after acquiring an additional 601 shares during the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

Invesco S&P 500 Momentum ETF stock opened at $101.44 on Friday. The company has a market cap of $1.63 billion, a price-to-earnings ratio of 20.66 and a beta of 1.00. Invesco S&P 500 Momentum ETF has a 12 month low of $69.02 and a 12 month high of $101.44. The stock’s 50-day moving average is $96.60 and its 200-day moving average is $91.94.

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.