Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) Position Trimmed by Advisors Preferred LLC

Advisors Preferred LLC lessened its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 95.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 419 shares of the company’s stock after selling 8,981 shares during the quarter. Advisors Preferred LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $40,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in SPMO. Truist Financial Corp grew its stake in shares of Invesco S&P 500 Momentum ETF by 17.0% in the 2nd quarter. Truist Financial Corp now owns 6,010 shares of the company’s stock valued at $526,000 after buying an additional 872 shares in the last quarter. Wedmont Private Capital bought a new stake in shares of Invesco S&P 500 Momentum ETF in the 3rd quarter valued at approximately $231,000. Simplicity Wealth LLC bought a new stake in shares of Invesco S&P 500 Momentum ETF in the 3rd quarter valued at approximately $213,000. Westend Capital Management LLC bought a new stake in shares of Invesco S&P 500 Momentum ETF in the 3rd quarter valued at approximately $478,000. Finally, Concourse Financial Group Securities Inc. grew its stake in shares of Invesco S&P 500 Momentum ETF by 5,036.7% in the 3rd quarter. Concourse Financial Group Securities Inc. now owns 29,228 shares of the company’s stock valued at $2,649,000 after buying an additional 28,659 shares in the last quarter.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of NYSEARCA SPMO opened at $102.03 on Friday. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 20.66 and a beta of 1.00. The business has a 50 day simple moving average of $97.86 and a 200 day simple moving average of $92.88. Invesco S&P 500 Momentum ETF has a 52 week low of $72.87 and a 52 week high of $103.09.

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.