World Investment Advisors Lowers Stock Position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

World Investment Advisors trimmed its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 9.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 4,642 shares of the company’s stock after selling 511 shares during the period. World Investment Advisors’ holdings in Invesco S&P 500 Momentum ETF were worth $441,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. PSI Advisors LLC grew its holdings in shares of Invesco S&P 500 Momentum ETF by 61.8% during the fourth quarter. PSI Advisors LLC now owns 288 shares of the company’s stock worth $27,000 after buying an additional 110 shares during the last quarter. Global Trust Asset Management LLC increased its holdings in shares of 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 valued at $41,000 after purchasing an additional 210 shares during the period. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the fourth quarter worth $48,000. Continuum Advisory LLC grew its position in Invesco S&P 500 Momentum ETF by 44.2% in 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, PNC Financial Services Group Inc. increased its stake in Invesco S&P 500 Momentum ETF by 28.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,058 shares of the company’s stock valued at $101,000 after buying an additional 232 shares during the period.

Invesco S&P 500 Momentum ETF Stock Performance

SPMO stock opened at $83.48 on Tuesday. Invesco S&P 500 Momentum ETF has a one year low of $74.40 and a one year high of $103.44. The company has a fifty day moving average of $97.04 and a 200-day moving average of $95.79. The stock has a market capitalization of $4.87 billion, a PE ratio of 24.93 and a beta of 0.93.

Invesco S&P 500 Momentum ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were issued a $0.1794 dividend. The ex-dividend date of this dividend was Monday, March 24th. This is an increase from Invesco S&P 500 Momentum ETF’s previous dividend of $0.07.

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.