UBS Group AG Trims Stock Position in Invesco S&P 500 Momentum ETF $SPMO

UBS Group AG lowered its stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 6.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 297,856 shares of the company’s stock after selling 22,137 shares during the period. UBS Group AG’s holdings in Invesco S&P 500 Momentum ETF were worth $35,540,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Cullen Frost Bankers Inc. purchased a new position in shares of Invesco S&P 500 Momentum ETF during the 3rd quarter valued at about $27,000. Dunhill Financial LLC purchased a new position in shares of Invesco S&P 500 Momentum ETF during the 3rd quarter valued at about $33,000. Elevated Capital Advisors LLC purchased a new position in shares of Invesco S&P 500 Momentum ETF during the 4th quarter valued at about $33,000. MAI Capital Management purchased a new position in shares of Invesco S&P 500 Momentum ETF during the 3rd quarter valued at about $50,000. Finally, Capital Investment Advisory Services LLC raised its stake in shares of Invesco S&P 500 Momentum ETF by 90.5% during the 3rd quarter. Capital Investment Advisory Services LLC now owns 421 shares of the company’s stock valued at $51,000 after buying an additional 200 shares during the last quarter.

Invesco S&P 500 Momentum ETF Stock Up 3.2%

NYSEARCA:SPMO opened at $143.81 on Friday. Invesco S&P 500 Momentum ETF has a 52 week low of $97.86 and a 52 week high of $143.84. The stock has a market capitalization of $17.53 billion, a PE ratio of 29.51 and a beta of 1.09. The stock’s 50-day moving average price is $121.61 and its 200-day moving average price is $120.25.

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.