Advisory Services Network LLC Sells 5,348 Shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Advisory Services Network LLC lowered its stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 36.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 9,270 shares of the company’s stock after selling 5,348 shares during the period. Advisory Services Network LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $881,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. PSI Advisors LLC increased its stake in shares of Invesco S&P 500 Momentum ETF by 61.8% in the fourth quarter. PSI Advisors LLC now owns 288 shares of the company’s stock worth $27,000 after purchasing an additional 110 shares in the last quarter. Global Trust Asset Management LLC boosted its position in shares of Invesco S&P 500 Momentum ETF by 95.5% during the 4th quarter. Global Trust Asset Management LLC now owns 430 shares of the company’s stock valued at $41,000 after acquiring an additional 210 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new position in Invesco S&P 500 Momentum ETF in the 4th quarter worth approximately $48,000. PNC Financial Services Group Inc. grew its position in 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 acquiring an additional 232 shares in the last quarter. Finally, AdvisorNet Financial Inc boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 85.7% in the 4th quarter. AdvisorNet Financial Inc now owns 1,302 shares of the company’s stock worth $124,000 after purchasing an additional 601 shares in the last quarter.

Invesco S&P 500 Momentum ETF Stock Performance

SPMO stock opened at $90.22 on Tuesday. The firm has a market cap of $5.26 billion, a P/E ratio of 24.93 and a beta of 0.93. The firm’s fifty day moving average is $95.35 and its 200 day moving average is $95.63. Invesco S&P 500 Momentum ETF has a 52 week low of $74.40 and a 52 week high of $103.44.

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.