Royal Bank of Canada trimmed its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 19.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 320,865 shares of the company’s stock after selling 79,360 shares during the quarter. Royal Bank of Canada’s holdings in Invesco S&P 500 Momentum ETF were worth $35,973,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Able Wealth Management LLC lifted its holdings in Invesco S&P 500 Momentum ETF by 13.0% during the 4th quarter. Able Wealth Management LLC now owns 120,379 shares of the company’s stock worth $14,364,000 after buying an additional 13,883 shares during the period. Brookwood Investment Group LLC grew its position in shares of Invesco S&P 500 Momentum ETF by 27.5% in the 4th quarter. Brookwood Investment Group LLC now owns 88,676 shares of the company’s stock valued at $10,581,000 after buying an additional 19,103 shares during the last quarter. Petra Financial Advisors Inc. increased its stake in shares of Invesco S&P 500 Momentum ETF by 44.1% in the fourth quarter. Petra Financial Advisors Inc. now owns 18,251 shares of the company’s stock valued at $2,178,000 after buying an additional 5,587 shares during the period. Strategic Blueprint LLC increased its stake in shares of Invesco S&P 500 Momentum ETF by 111.1% in the fourth quarter. Strategic Blueprint LLC now owns 18,487 shares of the company’s stock valued at $2,206,000 after buying an additional 9,729 shares during the period. Finally, Robinhood Asset Management LLC bought a new position in shares of Invesco S&P 500 Momentum ETF during the fourth quarter worth about $714,000.
Invesco S&P 500 Momentum ETF Price Performance
Shares of SPMO opened at $145.35 on Tuesday. The business has a 50-day moving average of $150.93 and a 200-day moving average of $133.31. The company has a market capitalization of $21.13 billion, a price-to-earnings ratio of 29.51 and a beta of 1.09. Invesco S&P 500 Momentum ETF has a 1 year low of $107.24 and a 1 year high of $162.30.
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.
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