Harbour Investments Inc. Trims Stock Position in Invesco S&P 500 Momentum ETF $SPMO

Harbour Investments Inc. decreased its position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 8.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 107,998 shares of the company’s stock after selling 9,915 shares during the quarter. Harbour Investments Inc. owned 0.10% of Invesco S&P 500 Momentum ETF worth $12,886,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. purchased a new stake in Invesco S&P 500 Momentum ETF in the third quarter valued at approximately $27,000. Dunhill Financial LLC purchased a new stake in Invesco S&P 500 Momentum ETF in the third quarter valued at approximately $33,000. Elevated Capital Advisors LLC purchased a new stake in Invesco S&P 500 Momentum ETF in the fourth quarter valued at approximately $33,000. Dogwood Wealth Management LLC purchased a new stake in Invesco S&P 500 Momentum ETF in the fourth quarter valued at approximately $44,000. Finally, MAI Capital Management purchased a new stake in Invesco S&P 500 Momentum ETF in the third quarter valued at approximately $50,000.

Invesco S&P 500 Momentum ETF Price Performance

Shares of NYSEARCA SPMO opened at $144.94 on Tuesday. The firm has a market cap of $17.67 billion, a price-to-earnings ratio of 29.51 and a beta of 1.09. Invesco S&P 500 Momentum ETF has a 52-week low of $101.80 and a 52-week high of $147.87. The business’s 50 day moving average is $127.61 and its two-hundred day moving average is $122.17.

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.