Invesco S&P 500 Momentum ETF $SPMO Shares Sold by Schuylkill Financial LLC

Schuylkill Financial LLC trimmed its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 74.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,388 shares of the company’s stock after selling 6,976 shares during the period. Schuylkill Financial LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $362,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in SPMO. Tompkins Financial Corp bought a new stake in Invesco S&P 500 Momentum ETF during the third quarter valued at about $36,990,000. Avidian Wealth Enterprises LLC purchased a new position in Invesco S&P 500 Momentum ETF in the third quarter valued at about $21,619,000. Planning Alternatives Ltd. ADV grew its stake in Invesco S&P 500 Momentum ETF by 22.9% in the first quarter. Planning Alternatives Ltd. ADV now owns 744,409 shares of the company’s stock valued at $83,456,000 after purchasing an additional 138,915 shares during the last quarter. Ameritas Advisory Services LLC grew its stake in Invesco S&P 500 Momentum ETF by 928.3% in the second quarter. Ameritas Advisory Services LLC now owns 150,022 shares of the company’s stock valued at $24,235,000 after purchasing an additional 135,432 shares during the last quarter. Finally, Financial Enhancement Group LLC bought a new position in Invesco S&P 500 Momentum ETF in the third quarter worth about $19,633,000.

Invesco S&P 500 Momentum ETF Price Performance

Invesco S&P 500 Momentum ETF stock traded up $1.34 during trading hours on Wednesday, reaching $143.29. The stock had a trading volume of 792,292 shares, compared to its average volume of 1,939,652. The company has a market cap of $22.09 billion, a price-to-earnings ratio of 29.51 and a beta of 1.10. The business’s 50 day moving average price is $149.00 and its 200-day moving average price is $145.61. Invesco S&P 500 Momentum ETF has a 52 week low of $107.24 and a 52 week high of $162.30.

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.