Orion Portfolio Solutions LLC Sells 239,700 Shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Orion Portfolio Solutions LLC reduced its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 33.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 476,417 shares of the company’s stock after selling 239,700 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $45,264,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. PSI Advisors LLC lifted its stake in 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 valued at $27,000 after acquiring an additional 110 shares during the period. Global Trust Asset Management LLC boosted its holdings 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 bought a new stake in Invesco S&P 500 Momentum ETF in the 4th quarter worth approximately $48,000. Continuum Advisory LLC raised its stake in Invesco S&P 500 Momentum ETF by 44.2% during the 3rd quarter. Continuum Advisory LLC now owns 705 shares of the company’s stock valued at $67,000 after buying an additional 216 shares during the last quarter. Finally, Legacy Investment Solutions LLC bought a new position in shares of Invesco S&P 500 Momentum ETF during the 3rd quarter valued at $76,000.

Invesco S&P 500 Momentum ETF Price Performance

SPMO stock opened at $94.41 on Friday. Invesco S&P 500 Momentum ETF has a 1 year low of $74.40 and a 1 year high of $103.44. The company has a market cap of $5.26 billion, a P/E ratio of 24.89 and a beta of 0.93. The stock’s fifty day moving average price is $98.49 and its 200-day moving average price is $95.62.

Invesco S&P 500 Momentum ETF Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 24th will be given a $0.1794 dividend. This is a boost from Invesco S&P 500 Momentum ETF’s previous dividend of $0.07. The ex-dividend date is Monday, March 24th.

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.