Tower Research Capital LLC TRC Trims Stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Tower Research Capital LLC TRC lessened its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 78.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 405 shares of the company’s stock after selling 1,437 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Invesco S&P 500 Momentum ETF were worth $38,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. PSI Advisors LLC raised its holdings in shares of Invesco S&P 500 Momentum ETF by 61.8% during the 4th quarter. PSI Advisors LLC now owns 288 shares of the company’s stock worth $27,000 after acquiring an additional 110 shares in the last quarter. Global Trust Asset Management LLC lifted its stake in Invesco S&P 500 Momentum ETF by 95.5% in the fourth quarter. Global Trust Asset Management LLC now owns 430 shares of the company’s stock worth $41,000 after purchasing an additional 210 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Invesco S&P 500 Momentum ETF during the fourth quarter valued at approximately $48,000. Glass Jacobson Investment Advisors llc grew its stake in shares of Invesco S&P 500 Momentum ETF by 607.6% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 842 shares of the company’s stock valued at $80,000 after buying an additional 723 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Invesco S&P 500 Momentum ETF by 28.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,058 shares of the company’s stock worth $101,000 after buying an additional 232 shares during the period.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of SPMO stock opened at $104.66 on Thursday. The stock has a 50 day moving average price of $92.89 and a 200 day moving average price of $95.91. Invesco S&P 500 Momentum ETF has a 52-week low of $76.75 and a 52-week high of $104.74. The firm has a market capitalization of $7.01 billion, a P/E ratio of 27.23 and a beta of 0.97.

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.