Paragon Capital Management Ltd Trims Stake in Invesco S&P 500 Momentum ETF $SPMO

Paragon Capital Management Ltd lessened its position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 48.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,933 shares of the company’s stock after selling 3,656 shares during the quarter. Paragon Capital Management Ltd’s holdings in Invesco S&P 500 Momentum ETF were worth $635,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in SPMO. SG Americas Securities LLC raised its position in Invesco S&P 500 Momentum ETF by 8.0% during the 1st quarter. SG Americas Securities LLC now owns 1,169 shares of the company’s stock worth $131,000 after buying an additional 87 shares during the last quarter. Blue Trust Inc. boosted its position in Invesco S&P 500 Momentum ETF by 35.8% during the first quarter. Blue Trust Inc. now owns 353 shares of the company’s stock worth $40,000 after purchasing an additional 93 shares in the last quarter. Fourth Dimension Wealth LLC increased its position in shares of Invesco S&P 500 Momentum ETF by 20.0% in the fourth quarter. Fourth Dimension Wealth LLC now owns 600 shares of the company’s stock valued at $72,000 after buying an additional 100 shares in the last quarter. Peregrine Asset Advisers Inc. grew its stake in Invesco S&P 500 Momentum ETF by 3.1% in the 1st quarter. Peregrine Asset Advisers Inc. now owns 3,282 shares of the company’s stock valued at $368,000 after acquiring an additional 100 shares during the last quarter. Finally, Triumph Capital Management grew its stake in Invesco S&P 500 Momentum ETF by 19.0% in the 4th quarter. Triumph Capital Management now owns 671 shares of the company’s stock valued at $80,000 after acquiring an additional 107 shares during the last quarter.

Invesco S&P 500 Momentum ETF Trading Up 0.5%

Shares of NYSEARCA SPMO traded up $0.75 during trading on Tuesday, reaching $150.47. The company had a trading volume of 1,595,270 shares, compared to its average volume of 1,936,738. The stock has a market capitalization of $22.03 billion, a PE ratio of 29.51 and a beta of 1.10. Invesco S&P 500 Momentum ETF has a twelve month low of $107.24 and a twelve month high of $162.30. The stock has a 50-day moving average price of $148.88 and a two-hundred day moving average price of $138.61.

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.