Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) Shares Sold by Financial Advocates Investment Management

Financial Advocates Investment Management lessened its position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 7.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 34,480 shares of the company’s stock after selling 2,878 shares during the period. Financial Advocates Investment Management owned about 0.21% of Invesco S&P 500 Momentum ETF worth $2,982,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SPMO. Commonwealth Equity Services LLC lifted its position in shares of Invesco S&P 500 Momentum ETF by 186.0% during the 1st quarter. Commonwealth Equity Services LLC now owns 18,720 shares of the company’s stock worth $1,502,000 after buying an additional 12,174 shares during the last quarter. Atomi Financial Group Inc. purchased a new stake in shares of Invesco S&P 500 Momentum ETF during the 1st quarter worth approximately $482,000. Oppenheimer & Co. Inc. lifted its position in shares of Invesco S&P 500 Momentum ETF by 19.0% during the 1st quarter. Oppenheimer & Co. Inc. now owns 7,981 shares of the company’s stock worth $640,000 after buying an additional 1,277 shares during the last quarter. Castle Rock Wealth Management LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF during the 3rd quarter worth approximately $2,263,000. Finally, Brookstone Capital Management purchased a new stake in shares of Invesco S&P 500 Momentum ETF during the 1st quarter worth approximately $214,000.

Invesco S&P 500 Momentum ETF Price Performance

SPMO stock opened at $92.73 on Thursday. The company has a market cap of $1.49 billion, a price-to-earnings ratio of 20.66 and a beta of 1.00. The company has a fifty day moving average price of $90.44 and a 200 day moving average price of $86.07. Invesco S&P 500 Momentum ETF has a 12 month low of $55.77 and a 12 month high of $94.69.

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.