Clark Capital Management Group Inc. Lowers Holdings in Invesco S&P 500 Momentum ETF $SPMO

Clark Capital Management Group Inc. decreased its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 61.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 861,413 shares of the company’s stock after selling 1,364,888 shares during the period. Clark Capital Management Group Inc. owned 0.79% of Invesco S&P 500 Momentum ETF worth $104,283,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in SPMO. Castleview Partners LLC lifted its holdings in Invesco S&P 500 Momentum ETF by 3.2% in the 3rd quarter. Castleview Partners LLC now owns 2,734 shares of the company’s stock worth $331,000 after purchasing an additional 84 shares in the last quarter. Caliber Wealth Management LLC KS grew its holdings in Invesco S&P 500 Momentum ETF by 4.9% during the 3rd quarter. Caliber Wealth Management LLC KS now owns 1,945 shares of the company’s stock valued at $235,000 after buying an additional 90 shares in the last quarter. LexAurum Advisors LLC grew its holdings in Invesco S&P 500 Momentum ETF by 4.3% during the 3rd quarter. LexAurum Advisors LLC now owns 2,225 shares of the company’s stock valued at $269,000 after buying an additional 92 shares in the last quarter. GK Wealth Management LLC raised its position in shares of Invesco S&P 500 Momentum ETF by 4.1% during the third quarter. GK Wealth Management LLC now owns 2,497 shares of the company’s stock valued at $302,000 after buying an additional 99 shares during the last quarter. Finally, Fourth Dimension Wealth LLC raised its position in shares of Invesco S&P 500 Momentum ETF by 25.0% during 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 last quarter.

Invesco S&P 500 Momentum ETF Stock Performance

SPMO stock opened at $116.18 on Friday. The company’s fifty day moving average price is $119.22 and its 200-day moving average price is $119.54. Invesco S&P 500 Momentum ETF has a one year low of $78.25 and a one year high of $124.56. The company has a market capitalization of $13.19 billion, a PE ratio of 29.51 and a beta of 0.98.

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.