Parker Investment Management LLC Trims Stock Position in Invesco S&P 500 Momentum ETF $SPMO

Parker Investment Management LLC lessened its stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 61.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,638 shares of the company’s stock after selling 13,888 shares during the quarter. Invesco S&P 500 Momentum ETF comprises about 0.1% of Parker Investment Management LLC’s holdings, making the stock its 22nd biggest holding. Parker Investment Management LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $1,031,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BNP Paribas Financial Markets increased its stake in Invesco S&P 500 Momentum ETF by 1,586.1% in the 4th quarter. BNP Paribas Financial Markets now owns 1,423,949 shares of the company’s stock valued at $169,906,000 after buying an additional 1,339,497 shares during the period. Bank of America Corp DE increased its stake in Invesco S&P 500 Momentum ETF by 30.4% in the 2nd quarter. Bank of America Corp DE now owns 2,411,349 shares of the company’s stock valued at $271,204,000 after buying an additional 562,290 shares during the period. JPMorgan Chase & Co. increased its stake in Invesco S&P 500 Momentum ETF by 75.9% in the 4th quarter. JPMorgan Chase & Co. now owns 1,231,078 shares of the company’s stock valued at $146,892,000 after buying an additional 531,093 shares during the period. Raymond James Financial Inc. increased its stake in Invesco S&P 500 Momentum ETF by 62.0% in the 3rd quarter. Raymond James Financial Inc. now owns 1,341,003 shares of the company’s stock valued at $162,342,000 after buying an additional 513,037 shares during the period. Finally, Thrivent Financial for Lutherans increased its stake in Invesco S&P 500 Momentum ETF by 254.4% in the 4th quarter. Thrivent Financial for Lutherans now owns 545,673 shares of the company’s stock valued at $65,356,000 after buying an additional 391,694 shares during the period.

Invesco S&P 500 Momentum ETF Price Performance

NYSEARCA:SPMO opened at $152.48 on Monday. Invesco S&P 500 Momentum ETF has a fifty-two week low of $105.74 and a fifty-two week high of $155.74. The stock has a market cap of $18.59 billion, a PE ratio of 29.51 and a beta of 1.11. The firm’s fifty day simple moving average is $137.69 and its 200-day simple moving average is $125.37.

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.