IFC & Insurance Marketing Inc. lessened its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 7.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 57,742 shares of the company’s stock after selling 4,600 shares during the period. Invesco S&P 500 Momentum ETF makes up approximately 7.5% of IFC & Insurance Marketing Inc.’s portfolio, making the stock its 2nd largest position. IFC & Insurance Marketing Inc.’s holdings in Invesco S&P 500 Momentum ETF were worth $8,758,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Rosenberg Matthew Hamilton acquired a new position in shares of Invesco S&P 500 Momentum ETF in the third quarter worth $33,000. Toth Financial Advisory Corp purchased a new stake in shares of Invesco S&P 500 Momentum ETF during the third quarter worth $34,000. Montgomery Financial Services LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF during the second quarter worth $46,000. Blue Trust Inc. raised its stake in shares of Invesco S&P 500 Momentum ETF by 35.8% in the first quarter. Blue Trust Inc. now owns 353 shares of the company’s stock valued at $40,000 after acquiring an additional 93 shares in the last quarter. Finally, Timbuktu Capital Management LLC purchased a new position in Invesco S&P 500 Momentum ETF in the second quarter valued at $65,000.
Invesco S&P 500 Momentum ETF Trading Down 2.3%
SPMO traded down $3.29 on Friday, hitting $140.89. 2,137,663 shares of the company were exchanged, compared to its average volume of 1,948,476. Invesco S&P 500 Momentum ETF has a twelve month low of $107.24 and a twelve month high of $162.30. The company has a market cap of $21.74 billion, a price-to-earnings ratio of 29.51 and a beta of 1.10. The firm has a 50-day moving average price of $149.27 and a two-hundred day moving average price of $144.95.
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.
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