15,270 Invesco S&P 500 Momentum ETF $SPMO Shares Sold by Sierra Ocean LLC

Sierra Ocean LLC reduced its position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 11.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 117,988 shares of the company’s stock after selling 15,270 shares during the period. Invesco S&P 500 Momentum ETF accounts for approximately 11.0% of Sierra Ocean LLC’s portfolio, making the stock its largest position. Sierra Ocean LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $17,885,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of SPMO. Schuylkill Financial LLC purchased a new position in shares of Invesco S&P 500 Momentum ETF in the 2nd quarter valued at approximately $1,513,000. Lunt Capital Management Inc. purchased a new stake in Invesco S&P 500 Momentum ETF in the second quarter worth $3,224,000. First Heartland Consultants Inc. bought a new position in Invesco S&P 500 Momentum ETF in the third quarter worth $7,060,000. Concorde Asset Management LLC raised its holdings in Invesco S&P 500 Momentum ETF by 12.2% in the second quarter. Concorde Asset Management LLC now owns 59,745 shares of the company’s stock worth $9,651,000 after purchasing an additional 6,473 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in Invesco S&P 500 Momentum ETF by 9.5% in the second quarter. Envestnet Asset Management Inc. now owns 1,479,343 shares of the company’s stock worth $238,973,000 after purchasing an additional 128,087 shares in the last quarter.

Invesco S&P 500 Momentum ETF Trading Up 1.6%

Shares of Invesco S&P 500 Momentum ETF stock opened at $124.41 on Friday. Invesco S&P 500 Momentum ETF has a 12 month low of $107.24 and a 12 month high of $162.30. The firm has a market capitalization of $19.55 billion, a P/E ratio of 29.51 and a beta of 1.12. The business has a fifty day simple moving average of $145.48 and a two-hundred day simple moving average of $138.08.

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.