Seros Financial LLC Sells 36,969 Shares of Invesco S&P 500 Momentum ETF $SPMO

Seros Financial LLC lessened its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 16.5% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 186,556 shares of the company’s stock after selling 36,969 shares during the quarter. Invesco S&P 500 Momentum ETF accounts for approximately 13.3% of Seros Financial LLC’s portfolio, making the stock its biggest position. Seros Financial LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $20,915,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in SPMO. Dynamic Advisor Solutions LLC lifted its stake in Invesco S&P 500 Momentum ETF by 116.7% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 106,101 shares of the company’s stock worth $12,660,000 after acquiring an additional 57,149 shares during the last quarter. IFP Advisors Inc increased its position in shares of Invesco S&P 500 Momentum ETF by 98.0% in the 3rd quarter. IFP Advisors Inc now owns 10,833 shares of the company’s stock valued at $1,311,000 after purchasing an additional 5,361 shares during the last quarter. CIBC Private Wealth Group LLC increased its position in shares of Invesco S&P 500 Momentum ETF by 7,363.6% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 15,972 shares of the company’s stock valued at $1,934,000 after purchasing an additional 15,758 shares during the last quarter. Able Wealth Management LLC raised its holdings in shares of Invesco S&P 500 Momentum ETF by 13.0% in the 4th quarter. Able Wealth Management LLC now owns 120,379 shares of the company’s stock valued at $14,364,000 after purchasing an additional 13,883 shares in the last quarter. Finally, Hutchens & Kramer Investment Management Group LLC raised its holdings in shares of Invesco S&P 500 Momentum ETF by 1,035.6% in the 4th quarter. Hutchens & Kramer Investment Management Group LLC now owns 19,646 shares of the company’s stock valued at $2,344,000 after purchasing an additional 17,916 shares in the last quarter.

Invesco S&P 500 Momentum ETF Trading Down 1.9%

Invesco S&P 500 Momentum ETF stock opened at $150.00 on Thursday. The stock has a market cap of $21.48 billion, a P/E ratio of 29.51 and a beta of 1.09. The company has a fifty day simple moving average of $150.66 and a 200-day simple moving average of $131.04. 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.