Silver Oak Securities Incorporated Has $3.14 Million Stock Holdings in Invesco S&P 500 Momentum ETF $SPMO

Silver Oak Securities Incorporated reduced its position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 21.8% in the 3rd quarter, Holdings Channel reports. The firm owned 25,918 shares of the company’s stock after selling 7,234 shares during the period. Silver Oak Securities Incorporated’s holdings in Invesco S&P 500 Momentum ETF were worth $3,138,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. J.W. Cole Advisors Inc. grew its position in Invesco S&P 500 Momentum ETF by 83.1% in the second quarter. J.W. Cole Advisors Inc. now owns 12,858 shares of the company’s stock valued at $1,446,000 after acquiring an additional 5,834 shares during the last quarter. Global Retirement Partners LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF in the 2nd quarter valued at approximately $6,771,000. Brookstone Capital Management grew its holdings in shares of Invesco S&P 500 Momentum ETF by 1,525.4% during the 3rd quarter. Brookstone Capital Management now owns 195,748 shares of the company’s stock valued at $23,697,000 after purchasing an additional 183,705 shares during the last quarter. Seeds Investor LLC acquired a new position in Invesco S&P 500 Momentum ETF during the 2nd quarter worth approximately $248,000. Finally, Harel Insurance Investments & Financial Services Ltd. increased its position in Invesco S&P 500 Momentum ETF by 32.8% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 13,080 shares of the company’s stock worth $1,471,000 after purchasing an additional 3,230 shares in the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

Shares of NYSEARCA:SPMO opened at $119.32 on Friday. Invesco S&P 500 Momentum ETF has a one year low of $78.25 and a one year high of $124.56. The company has a market cap of $13.04 billion, a price-to-earnings ratio of 29.51 and a beta of 0.98. The firm has a 50 day simple moving average of $119.62 and a 200 day simple moving average of $117.46.

Invesco S&P 500 Momentum ETF Company 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.