Fischer Investment Strategies LLC Sells 49,234 Shares of Invesco S&P 500 Momentum ETF $SPMO

Fischer Investment Strategies LLC cut its position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 24.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 152,154 shares of the company’s stock after selling 49,234 shares during the quarter. Invesco S&P 500 Momentum ETF accounts for 10.0% of Fischer Investment Strategies LLC’s portfolio, making the stock its 4th largest position. Fischer Investment Strategies LLC owned 0.12% of Invesco S&P 500 Momentum ETF worth $17,058,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Elevated Capital Advisors LLC acquired a new position in Invesco S&P 500 Momentum ETF in the 4th quarter worth $33,000. Blue Trust Inc. boosted its position in Invesco S&P 500 Momentum ETF by 35.8% in the 1st quarter. Blue Trust Inc. now owns 353 shares of the company’s stock valued at $40,000 after buying an additional 93 shares during the last quarter. Dogwood Wealth Management LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the fourth quarter valued at about $44,000. Networth Advisors LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the first quarter valued at about $48,000. Finally, Wellington Grp LLC increased its position in shares of Invesco S&P 500 Momentum ETF by 43.6% during the first quarter. Wellington Grp LLC now owns 458 shares of the company’s stock worth $51,000 after acquiring an additional 139 shares during the last quarter.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of NYSEARCA SPMO opened at $143.83 on Friday. Invesco S&P 500 Momentum ETF has a 1 year low of $107.24 and a 1 year high of $162.30. The stock’s 50-day simple moving average is $150.92 and its 200-day simple moving average is $133.05. The firm has a market cap of $20.91 billion, a price-to-earnings ratio of 29.51 and a beta of 1.09.

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.