Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) Shares Sold by TAP Consulting LLC

TAP Consulting LLC trimmed its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 6.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,949 shares of the company’s stock after selling 3,391 shares during the quarter. TAP Consulting LLC owned approximately 0.32% of Invesco S&P 500 Momentum ETF worth $4,936,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. PSI Advisors LLC lifted its holdings in 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 valued at $27,000 after purchasing an additional 110 shares in the last quarter. Global Trust Asset Management LLC increased its stake in 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 worth $41,000 after buying an additional 210 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Invesco S&P 500 Momentum ETF during the fourth quarter valued at approximately $48,000. Continuum Advisory LLC increased its position in shares of Invesco S&P 500 Momentum ETF by 44.2% during the third quarter. Continuum Advisory LLC now owns 705 shares of the company’s stock worth $67,000 after purchasing an additional 216 shares in the last quarter. Finally, Legacy Investment Solutions LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF during the third quarter worth approximately $76,000.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of SPMO stock opened at $94.49 on Thursday. Invesco S&P 500 Momentum ETF has a fifty-two week low of $74.40 and a fifty-two week high of $103.44. The firm has a market capitalization of $5.26 billion, a P/E ratio of 24.89 and a beta of 0.93. The stock’s fifty day moving average is $98.60 and its two-hundred day moving average is $95.30.

Invesco S&P 500 Momentum ETF Company 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.