Security Financial Services INC. Decreases Stake in Invesco S&P 500 Momentum ETF $SPMO

Security Financial Services INC. lessened its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 2.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 53,166 shares of the company’s stock after selling 1,285 shares during the period. Security Financial Services INC. owned 0.06% of Invesco S&P 500 Momentum ETF worth $5,980,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in SPMO. Triad Wealth Partners LLC boosted its stake in Invesco S&P 500 Momentum ETF by 22.3% during the 2nd quarter. Triad Wealth Partners LLC now owns 46,710 shares of the company’s stock valued at $5,254,000 after acquiring an additional 8,503 shares during the last quarter. Stephens Inc. AR acquired a new stake in shares of Invesco S&P 500 Momentum ETF in the first quarter valued at $400,000. Sharkey Howes & Javer bought a new stake in shares of Invesco S&P 500 Momentum ETF during the 2nd quarter worth $497,000. RHS Financial LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF in the 2nd quarter valued at approximately $357,000. Finally, Axxcess Wealth Management LLC grew its stake in Invesco S&P 500 Momentum ETF by 171.2% during the 2nd quarter. Axxcess Wealth Management LLC now owns 162,649 shares of the company’s stock valued at $18,293,000 after acquiring an additional 102,673 shares in the last quarter.

Invesco S&P 500 Momentum ETF Trading Up 0.1%

Shares of NYSEARCA:SPMO opened at $117.83 on Friday. The firm has a fifty day moving average price of $120.59 and a 200 day moving average price of $113.65. The stock has a market capitalization of $12.87 billion, a PE ratio of 29.51 and a beta of 0.98. Invesco S&P 500 Momentum ETF has a 1 year low of $78.25 and a 1 year high of $124.56.

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.