Invesco S&P 500 Momentum ETF $SPMO Shares Sold by Patriot Financial Group Insurance Agency LLC

Patriot Financial Group Insurance Agency LLC decreased its position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 4.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,147 shares of the company’s stock after selling 549 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $1,254,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of SPMO. Envestnet Asset Management Inc. boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 41.7% during the first quarter. Envestnet Asset Management Inc. now owns 6,014,557 shares of the company’s stock valued at $556,527,000 after acquiring an additional 1,770,226 shares during the period. LPL Financial LLC lifted its holdings in Invesco S&P 500 Momentum ETF by 64.3% in the first quarter. LPL Financial LLC now owns 3,579,241 shares of the company’s stock worth $331,187,000 after purchasing an additional 1,400,512 shares during the period. CWM LLC lifted its holdings in Invesco S&P 500 Momentum ETF by 201.9% in the first quarter. CWM LLC now owns 1,313,198 shares of the company’s stock worth $121,510,000 after purchasing an additional 878,259 shares during the period. Alpine Bank Wealth Management acquired a new stake in Invesco S&P 500 Momentum ETF in the first quarter worth about $56,345,000. Finally, BNP Paribas Financial Markets acquired a new stake in Invesco S&P 500 Momentum ETF in the first quarter worth about $40,743,000.

Invesco S&P 500 Momentum ETF Stock Down 0.6%

SPMO stock opened at $120.09 on Friday. The company has a market capitalization of $13.13 billion, a P/E ratio of 29.51 and a beta of 0.89. The company has a 50-day simple moving average of $118.03 and a 200 day simple moving average of $107.30. Invesco S&P 500 Momentum ETF has a fifty-two week low of $78.25 and a fifty-two week high of $122.30.

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.