Stifel Financial Corp cut its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 26.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,315 shares of the company’s stock after selling 13,194 shares during the period. Stifel Financial Corp owned approximately 0.23% of Invesco S&P 500 Momentum ETF worth $3,292,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Concourse Financial Group Securities Inc. boosted its stake in shares of Invesco S&P 500 Momentum ETF by 103.9% during the 2nd quarter. Concourse Financial Group Securities Inc. now owns 569 shares of the company’s stock worth $50,000 after acquiring an additional 290 shares in the last quarter. Richardson Financial Services Inc. boosted its position in Invesco S&P 500 Momentum ETF by 26.8% during the second quarter. Richardson Financial Services Inc. now owns 946 shares of the company’s stock worth $83,000 after purchasing an additional 200 shares during the period. Darwin Wealth Management LLC bought a new stake in Invesco S&P 500 Momentum ETF during the third quarter worth approximately $158,000. TKG Advisors LLC acquired a new position in Invesco S&P 500 Momentum ETF during the third quarter valued at approximately $204,000. Finally, CreativeOne Wealth LLC bought a new position in shares of Invesco S&P 500 Momentum ETF in the third quarter valued at approximately $208,000.
Invesco S&P 500 Momentum ETF Trading Down 1.1 %
NYSEARCA SPMO opened at $97.48 on Wednesday. Invesco S&P 500 Momentum ETF has a 1 year low of $64.17 and a 1 year high of $98.76. The company has a fifty day simple moving average of $95.08 and a 200 day simple moving average of $90.15. The company has a market cap of $1.57 billion, a P/E ratio of 20.66 and a beta of 1.00.
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.
Further Reading
- Five stocks we like better than Invesco S&P 500 Momentum ETF
- What Are the FAANG Stocks and Are They Good Investments?
- AppLovin Insiders Sell Shares: Stock Price Indicated Higher
- Are Penny Stocks a Good Fit for Your Portfolio?
- Broadcom’s Stellar Outlook Sparks Hopes for a Semi Sector Rally
- Stock Trading Terms – Stock Terms Every Investor Needs to Know
- Salesforce’s Clear Path to $400 and Beyond
Want to see what other hedge funds are holding SPMO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report).
Receive News & Ratings for Invesco S&P 500 Momentum ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco S&P 500 Momentum ETF and related companies with MarketBeat.com's FREE daily email newsletter.
