Detalus Advisors LLC decreased its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 80.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,676 shares of the company’s stock after selling 48,003 shares during the period. Detalus Advisors LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $1,770,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Tompkins Financial Corp bought a new stake in Invesco S&P 500 Momentum ETF in the third quarter worth $36,990,000. Avidian Wealth Enterprises LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF in the third quarter worth $21,619,000. Planning Alternatives Ltd. ADV grew its stake in shares of Invesco S&P 500 Momentum ETF by 22.9% in the first quarter. Planning Alternatives Ltd. ADV now owns 744,409 shares of the company’s stock worth $83,456,000 after acquiring an additional 138,915 shares during the last quarter. Ameritas Advisory Services LLC increased its holdings in shares of Invesco S&P 500 Momentum ETF by 928.3% during the second quarter. Ameritas Advisory Services LLC now owns 150,022 shares of the company’s stock valued at $24,235,000 after acquiring an additional 135,432 shares in the last quarter. Finally, Financial Enhancement Group LLC bought a new position in shares of Invesco S&P 500 Momentum ETF during the third quarter valued at $19,633,000.
Invesco S&P 500 Momentum ETF Price Performance
Shares of NYSEARCA:SPMO opened at $144.18 on Friday. The business has a fifty day moving average price of $149.44 and a 200-day moving average price of $144.98. The company has a market capitalization of $22.23 billion, a PE ratio of 29.51 and a beta of 1.10. Invesco S&P 500 Momentum ETF has a 1-year low of $107.24 and a 1-year 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.
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