Cetera Investment Advisers Has $114.30 Million Stock Position in Invesco S&P 500 Momentum ETF $SPMO

Cetera Investment Advisers reduced its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 4.4% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,019,537 shares of the company’s stock after selling 47,058 shares during the quarter. Cetera Investment Advisers owned about 0.84% of Invesco S&P 500 Momentum ETF worth $114,300,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in SPMO. Elevated Capital Advisors LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the 4th quarter worth approximately $33,000. Blue Trust Inc. lifted its position in shares of Invesco S&P 500 Momentum ETF by 35.8% during the 1st quarter. Blue Trust Inc. now owns 353 shares of the company’s stock valued at $40,000 after acquiring an additional 93 shares during the period. Dogwood Wealth Management LLC acquired a new position in shares of Invesco S&P 500 Momentum ETF during the 4th quarter valued at $44,000. Networth Advisors LLC bought a new position in Invesco S&P 500 Momentum ETF during the first quarter worth $48,000. Finally, Team Financial Group LLC boosted its stake in Invesco S&P 500 Momentum ETF by 58.4% during the first quarter. Team Financial Group LLC now owns 469 shares of the company’s stock worth $53,000 after acquiring an additional 173 shares in the last quarter.

Invesco S&P 500 Momentum ETF Trading Down 0.2%

NYSEARCA:SPMO opened at $149.83 on Friday. The stock has a market capitalization of $21.72 billion, a price-to-earnings ratio of 29.51 and a beta of 1.09. The firm has a fifty day simple moving average of $150.97 and a two-hundred day simple moving average of $132.19. Invesco S&P 500 Momentum ETF has a 12 month low of $107.24 and a 12 month high of $162.30.

About Invesco S&P 500 Momentum ETF

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.