Parker Investment Management LLC Trims Stock Position in Invesco S&P 500 Momentum ETF $SPMO

Parker Investment Management LLC cut its position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 61.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,638 shares of the company’s stock after selling 13,888 shares during the period. Invesco S&P 500 Momentum ETF makes up 0.1% of Parker Investment Management LLC’s holdings, making the stock its 22nd biggest holding. Parker Investment Management LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $1,031,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of SPMO. BNP Paribas Financial Markets increased its position in shares of Invesco S&P 500 Momentum ETF by 1,586.1% during the fourth quarter. BNP Paribas Financial Markets now owns 1,423,949 shares of the company’s stock valued at $169,906,000 after acquiring an additional 1,339,497 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Invesco S&P 500 Momentum ETF by 30.4% in the second quarter. Bank of America Corp DE now owns 2,411,349 shares of the company’s stock valued at $271,204,000 after purchasing an additional 562,290 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Invesco S&P 500 Momentum ETF by 75.9% in the fourth quarter. JPMorgan Chase & Co. now owns 1,231,078 shares of the company’s stock valued at $146,892,000 after purchasing an additional 531,093 shares in the last quarter. Raymond James Financial Inc. grew its holdings in shares of Invesco S&P 500 Momentum ETF by 62.0% in the third quarter. Raymond James Financial Inc. now owns 1,341,003 shares of the company’s stock valued at $162,342,000 after purchasing an additional 513,037 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its stake in Invesco S&P 500 Momentum ETF by 254.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 545,673 shares of the company’s stock worth $65,356,000 after acquiring an additional 391,694 shares during the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

Shares of Invesco S&P 500 Momentum ETF stock opened at $152.48 on Monday. Invesco S&P 500 Momentum ETF has a 52-week low of $105.74 and a 52-week high of $155.74. The company has a 50 day moving average of $137.69 and a 200 day moving average of $125.37. The company has a market capitalization of $18.59 billion, a P/E ratio of 29.51 and a beta of 1.11.

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.