Invesco S&P 500 Momentum ETF $SPMO Stock: Verus Capital Partners LLC Decreases Position

Verus Capital Partners LLC lessened its position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 65.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,441 shares of the company’s stock after selling 10,246 shares during the period. Verus Capital Partners LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $825,000 as of its most recent SEC filing.

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

Invesco S&P 500 Momentum ETF Price Performance

Invesco S&P 500 Momentum ETF stock opened at $124.41 on Monday. Invesco S&P 500 Momentum ETF has a 1-year low of $107.24 and a 1-year high of $162.30. The stock has a market cap of $19.55 billion, a PE ratio of 29.51 and a beta of 1.12. The stock’s fifty day moving average is $145.48 and its two-hundred day moving average is $138.08.

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.