Kelly Financial Services LLC Decreases Position in Invesco S&P 500 Momentum ETF $SPMO

Kelly Financial Services LLC trimmed its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 73.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,097 shares of the company’s stock after selling 19,536 shares during the period. Kelly Financial Services LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $859,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Tactive Advisors LLC grew its position in Invesco S&P 500 Momentum ETF by 28.1% during the 3rd quarter. Tactive Advisors LLC now owns 68,672 shares of the company’s stock worth $8,313,000 after acquiring an additional 15,072 shares during the last quarter. Apeiron RIA LLC boosted its holdings in Invesco S&P 500 Momentum ETF by 12.0% in the third quarter. Apeiron RIA LLC now owns 21,054 shares of the company’s stock valued at $2,549,000 after acquiring an additional 2,264 shares in the last quarter. Able Wealth Management LLC increased its position in shares of Invesco S&P 500 Momentum ETF by 42.4% during the third quarter. Able Wealth Management LLC now owns 106,496 shares of the company’s stock valued at $12,892,000 after buying an additional 31,700 shares during the period. Ellenbecker Investment Group grew its holdings in shares of Invesco S&P 500 Momentum ETF by 91.6% during the 3rd quarter. Ellenbecker Investment Group now owns 3,819 shares of the company’s stock worth $462,000 after acquiring an additional 1,826 shares during the period. Finally, Farther Finance Advisors LLC raised its holdings in Invesco S&P 500 Momentum ETF by 627.4% in the third quarter. Farther Finance Advisors LLC now owns 33,622 shares of the company’s stock worth $4,070,000 after purchasing an additional 29,000 shares in the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

NYSEARCA:SPMO opened at $120.98 on Wednesday. The firm has a market capitalization of $13.22 billion, a P/E ratio of 29.51 and a beta of 0.98. Invesco S&P 500 Momentum ETF has a one year low of $78.25 and a one year high of $124.56. The company’s 50-day simple moving average is $119.61 and its 200 day simple moving average is $116.93.

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.