Concorde Asset Management LLC Has $5.97 Million Stock Position in Invesco S&P 500 Momentum ETF $SPMO

Concorde Asset Management LLC trimmed its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 33.4% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 53,272 shares of the company’s stock after selling 26,734 shares during the period. Invesco S&P 500 Momentum ETF makes up about 2.9% of Concorde Asset Management LLC’s investment portfolio, making the stock its 3rd largest position. Concorde Asset Management LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $5,972,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in SPMO. Capstone Wealth Management Group LLC boosted its position in shares of Invesco S&P 500 Momentum ETF by 129.4% during the 1st quarter. Capstone Wealth Management Group LLC now owns 116,148 shares of the company’s stock valued at $10,747,000 after acquiring an additional 65,515 shares during the last quarter. Goldman Sachs Group Inc. purchased a new stake in Invesco S&P 500 Momentum ETF in the first quarter valued at approximately $18,900,000. Jane Street Group LLC raised its stake in Invesco S&P 500 Momentum ETF by 346.5% in the first quarter. Jane Street Group LLC now owns 40,389 shares of the company’s stock valued at $3,737,000 after purchasing an additional 31,344 shares in the last quarter. Invesco Ltd. lifted its position in Invesco S&P 500 Momentum ETF by 43.9% during the second quarter. Invesco Ltd. now owns 76,100 shares of the company’s stock valued at $8,559,000 after purchasing an additional 23,223 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its position in Invesco S&P 500 Momentum ETF by 11.7% during the second quarter. NewEdge Advisors LLC now owns 49,744 shares of the company’s stock valued at $5,595,000 after purchasing an additional 5,209 shares during the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

Shares of NYSEARCA:SPMO opened at $143.83 on Friday. The company’s fifty day moving average price is $150.92 and its 200-day moving average price is $133.05. The firm has a market capitalization of $20.91 billion, a price-to-earnings ratio of 29.51 and a beta of 1.09. Invesco S&P 500 Momentum ETF has a one year low of $107.24 and a one 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.