Thrivent Financial for Lutherans Sells 93,387 Shares of Invesco S&P 500 Momentum ETF $SPMO

Thrivent Financial for Lutherans trimmed its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 37.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 153,979 shares of the company’s stock after selling 93,387 shares during the quarter. Thrivent Financial for Lutherans owned about 0.14% of Invesco S&P 500 Momentum ETF worth $18,641,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. FSA Wealth Partners Inc. acquired a new position in shares of Invesco S&P 500 Momentum ETF during the 3rd quarter worth approximately $651,000. Independent Advisor Alliance bought a new stake in shares of Invesco S&P 500 Momentum ETF in the third quarter valued at approximately $211,000. Fourth Dimension Wealth LLC boosted its stake in shares of Invesco S&P 500 Momentum ETF by 25.0% in the third quarter. Fourth Dimension Wealth LLC now owns 500 shares of the company’s stock valued at $61,000 after buying an additional 100 shares during the period. Centerpoint Advisory Group grew its position in Invesco S&P 500 Momentum ETF by 40.3% during the third quarter. Centerpoint Advisory Group now owns 56,194 shares of the company’s stock worth $6,803,000 after buying an additional 16,139 shares in the last quarter. Finally, Bryn Mawr Trust Advisors LLC bought a new position in Invesco S&P 500 Momentum ETF during the 3rd quarter worth $218,000.

Invesco S&P 500 Momentum ETF Price Performance

Shares of NYSEARCA SPMO opened at $119.52 on Wednesday. The business has a fifty day moving average price of $119.72 and a two-hundred day moving average price of $118.94. The stock has a market capitalization of $13.58 billion, a PE ratio of 29.51 and a beta of 0.98. Invesco S&P 500 Momentum ETF has a fifty-two week low of $78.25 and a fifty-two week high of $124.56.

Invesco S&P 500 Momentum ETF Company 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.