Childress Capital Advisors LLC lessened its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 68.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 14,086 shares of the company’s stock after selling 30,933 shares during the period. Childress Capital Advisors LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $2,135,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Vantagepoint Investment Advisers LLC bought a new stake in shares of Invesco S&P 500 Momentum ETF during the third quarter worth $353,565,000. Tompkins Financial Corp purchased a new stake in shares of Invesco S&P 500 Momentum ETF during the third quarter valued at $36,990,000. Oppenheimer & Co. Inc. purchased a new stake in shares of Invesco S&P 500 Momentum ETF during the third quarter valued at $33,994,000. Avidian Wealth Enterprises LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF during the third quarter valued at $21,619,000. Finally, Planning Alternatives Ltd. ADV grew its holdings in shares of Invesco S&P 500 Momentum ETF by 22.9% in the first quarter. Planning Alternatives Ltd. ADV now owns 744,409 shares of the company’s stock worth $83,456,000 after purchasing an additional 138,915 shares during the last quarter.
Invesco S&P 500 Momentum ETF Trading Down 1.7%
NYSEARCA SPMO opened at $142.40 on Friday. The company’s 50-day moving average price is $147.59 and its 200-day moving average price is $137.76. The stock has a market cap of $22.17 billion, a PE ratio of 29.51 and a beta of 1.10. Invesco S&P 500 Momentum ETF has a 12 month low of $107.24 and a 12 month high of $162.30.
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.
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