Park Avenue Securities LLC Reduces Stock Position in Invesco S&P 500 Momentum ETF $SPMO

Park Avenue Securities LLC lessened its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 5.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 129,280 shares of the company’s stock after selling 7,993 shares during the quarter. Park Avenue Securities LLC owned approximately 0.11% of Invesco S&P 500 Momentum ETF worth $15,426,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vantagepoint Investment Advisers LLC bought a new stake in shares of Invesco S&P 500 Momentum ETF during the third quarter worth $317,167,000. Osaic Holdings Inc. grew its holdings in shares of Invesco S&P 500 Momentum ETF by 126.3% in the second quarter. Osaic Holdings Inc. now owns 1,097,393 shares of the company’s stock worth $120,105,000 after purchasing an additional 612,432 shares during the last quarter. Bank of America Corp DE increased its stake in Invesco S&P 500 Momentum ETF by 30.4% in the 2nd quarter. Bank of America Corp DE now owns 2,411,349 shares of the company’s stock worth $271,204,000 after buying an additional 562,290 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in Invesco S&P 500 Momentum ETF in the 3rd quarter worth about $65,042,000. Finally, Raymond James Financial Inc. lifted its holdings in Invesco S&P 500 Momentum ETF by 62.0% during the 3rd quarter. Raymond James Financial Inc. now owns 1,341,003 shares of the company’s stock valued at $162,342,000 after buying an additional 513,037 shares in the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

Invesco S&P 500 Momentum ETF stock opened at $115.88 on Friday. The stock has a market cap of $13.16 billion, a price-to-earnings ratio of 29.51 and a beta of 0.98. Invesco S&P 500 Momentum ETF has a 1 year low of $78.25 and a 1 year high of $124.56. The firm has a 50-day moving average of $118.94 and a two-hundred day moving average of $119.51.

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.