Sierra Ocean LLC Sells 15,270 Shares of Invesco S&P 500 Momentum ETF $SPMO

Sierra Ocean LLC reduced its stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 11.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 117,988 shares of the company’s stock after selling 15,270 shares during the quarter. Invesco S&P 500 Momentum ETF accounts for approximately 11.0% of Sierra Ocean LLC’s portfolio, making the stock its largest holding. Sierra Ocean LLC owned about 0.08% of Invesco S&P 500 Momentum ETF worth $17,885,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of SPMO. Vantagepoint Investment Advisers LLC bought a new stake in shares of Invesco S&P 500 Momentum ETF in the 3rd quarter valued at about $353,565,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Invesco S&P 500 Momentum ETF during the 3rd quarter valued at about $119,358,000. Commonwealth Equity Services LLC bought a new position in Invesco S&P 500 Momentum ETF during the 3rd quarter worth approximately $76,658,000. Tompkins Financial Corp bought a new position in Invesco S&P 500 Momentum ETF during the 3rd quarter worth approximately $36,990,000. Finally, International Assets Investment Management LLC increased its stake in Invesco S&P 500 Momentum ETF by 2,683.0% in the 3rd quarter. International Assets Investment Management LLC now owns 250,000 shares of the company’s stock worth $37,895,000 after purchasing an additional 241,017 shares during the period.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of SPMO stock opened at $124.41 on Friday. The company has a market capitalization of $19.55 billion, a P/E ratio of 29.51 and a beta of 1.12. Invesco S&P 500 Momentum ETF has a fifty-two week low of $107.24 and a fifty-two week high of $162.30. The stock has a 50 day moving average price of $145.48 and a two-hundred day moving average price of $138.08.

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.