Invesco S&P 500 Momentum ETF $SPMO Shares Sold by Financial Advocates Investment Management

Financial Advocates Investment Management lowered its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 13.6% in the third quarter, HoldingsChannel reports. The firm owned 30,187 shares of the company’s stock after selling 4,759 shares during the period. Invesco S&P 500 Momentum ETF comprises about 2.1% of Financial Advocates Investment Management’s portfolio, making the stock its 15th largest holding. Financial Advocates Investment Management’s holdings in Invesco S&P 500 Momentum ETF were worth $3,654,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Capstone Wealth Management Group LLC raised its position in shares of Invesco S&P 500 Momentum ETF by 129.4% in the 1st quarter. Capstone Wealth Management Group LLC now owns 116,148 shares of the company’s stock valued at $10,747,000 after purchasing an additional 65,515 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in shares of Invesco S&P 500 Momentum ETF in the first quarter worth $18,900,000. Jane Street Group LLC raised its holdings in Invesco S&P 500 Momentum ETF by 346.5% in the first quarter. Jane Street Group LLC now owns 40,389 shares of the company’s stock valued at $3,737,000 after acquiring an additional 31,344 shares in the last quarter. MGO One Seven LLC boosted its stake in Invesco S&P 500 Momentum ETF by 31.6% during the 2nd quarter. MGO One Seven LLC now owns 12,016 shares of the company’s stock valued at $1,351,000 after acquiring an additional 2,888 shares during the last quarter. Finally, RFG Advisory LLC grew its holdings in Invesco S&P 500 Momentum ETF by 407.7% during the 2nd quarter. RFG Advisory LLC now owns 17,024 shares of the company’s stock worth $1,915,000 after acquiring an additional 13,671 shares in the last quarter.

Invesco S&P 500 Momentum ETF Stock Performance

SPMO opened at $118.27 on Friday. The company has a market capitalization of $13.43 billion, a P/E ratio of 29.51 and a beta of 0.98. The company has a 50-day moving average of $119.66 and a 200-day moving average of $119.11. Invesco S&P 500 Momentum ETF has a 1-year low of $78.25 and a 1-year high of $124.56.

About Invesco S&P 500 Momentum ETF

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.