Money Concepts Capital Corp lowered its position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 39.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 619,748 shares of the company’s stock after selling 395,985 shares during the period. Invesco S&P 500 Momentum ETF comprises approximately 3.8% of Money Concepts Capital Corp’s holdings, making the stock its 2nd largest position. Money Concepts Capital Corp owned 0.51% of Invesco S&P 500 Momentum ETF worth $69,480,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of SPMO. Elevated Capital Advisors LLC purchased a new position in shares of Invesco S&P 500 Momentum ETF in the fourth quarter valued at about $33,000. Blue Trust Inc. boosted its stake in shares of Invesco S&P 500 Momentum ETF by 35.8% in the first quarter. Blue Trust Inc. now owns 353 shares of the company’s stock worth $40,000 after acquiring an additional 93 shares during the period. Dogwood Wealth Management LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF during the fourth quarter worth about $44,000. Networth Advisors LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF during the first quarter worth about $48,000. Finally, Salomon & Ludwin LLC grew its position in shares of Invesco S&P 500 Momentum ETF by 61.3% during the fourth quarter. Salomon & Ludwin LLC now owns 492 shares of the company’s stock worth $59,000 after purchasing an additional 187 shares in the last quarter.
Invesco S&P 500 Momentum ETF Trading Up 1.7%
Shares of SPMO opened at $153.08 on Friday. The business’s 50 day moving average is $149.41 and its 200 day moving average is $130.18. Invesco S&P 500 Momentum ETF has a 12-month low of $107.24 and a 12-month high of $162.30. The company has a market capitalization of $21.69 billion, a PE ratio of 29.51 and a beta of 1.09.
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.
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