Parker Investment Management LLC Sells 118,812 Shares of Invesco S&P 500 Momentum ETF $SPMO

Parker Investment Management LLC reduced its stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 84.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 22,526 shares of the company’s stock after selling 118,812 shares during the period. Invesco S&P 500 Momentum ETF accounts for approximately 0.3% of Parker Investment Management LLC’s investment portfolio, making the stock its 17th biggest position. Parker Investment Management LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $2,727,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Schroder Investment Management Group bought a new position in shares of Invesco S&P 500 Momentum ETF in the second quarter valued at $26,000. Cullen Frost Bankers Inc. purchased a new position in shares of Invesco S&P 500 Momentum ETF during the third quarter valued at approximately $27,000. GHP Investment Advisors Inc. grew its holdings in Invesco S&P 500 Momentum ETF by 99.2% during the second quarter. GHP Investment Advisors Inc. now owns 265 shares of the company’s stock worth $30,000 after buying an additional 132 shares in the last quarter. Mark Sheptoff Financial Planning LLC purchased a new stake in Invesco S&P 500 Momentum ETF in the 2nd quarter valued at $31,000. Finally, Blue Trust Inc. bought a new position in Invesco S&P 500 Momentum ETF during the 3rd quarter valued at $31,000.

Invesco S&P 500 Momentum ETF Price Performance

Shares of SPMO stock opened at $120.27 on Tuesday. The firm has a 50-day moving average of $119.69 and a 200-day moving average of $118.90. The company has a market cap of $13.67 billion, a P/E ratio of 29.51 and a beta of 0.98. Invesco S&P 500 Momentum ETF has a one year low of $78.25 and a one year high of $124.56.

Invesco S&P 500 Momentum ETF Company 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.