Kelly Financial Services LLC Trims Stock Position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Kelly Financial Services LLC decreased its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 24.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,563 shares of the company’s stock after selling 4,102 shares during the period. Kelly Financial Services LLC owned 0.08% of Invesco S&P 500 Momentum ETF worth $1,194,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SPMO. World Investment Advisors LLC grew its holdings in shares of Invesco S&P 500 Momentum ETF by 1,416.7% during the third quarter. World Investment Advisors LLC now owns 300,875 shares of the company’s stock worth $27,271,000 after purchasing an additional 281,038 shares during the last quarter. Mainstay Capital Management LLC ADV acquired a new position in Invesco S&P 500 Momentum ETF during the third quarter worth approximately $23,247,000. HBW Advisory Services LLC purchased a new stake in Invesco S&P 500 Momentum ETF in the third quarter valued at approximately $13,325,000. Cetera Investment Advisers lifted its stake in Invesco S&P 500 Momentum ETF by 61.6% in the second quarter. Cetera Investment Advisers now owns 377,409 shares of the company’s stock valued at $33,008,000 after buying an additional 143,810 shares during the last quarter. Finally, Fischer Investment Strategies LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF in the third quarter valued at approximately $11,215,000.

Invesco S&P 500 Momentum ETF Price Performance

Shares of Invesco S&P 500 Momentum ETF stock opened at $98.65 on Friday. The firm’s fifty day simple moving average is $96.41 and its 200-day simple moving average is $91.72. Invesco S&P 500 Momentum ETF has a 12 month low of $66.52 and a 12 month high of $98.79. The stock has a market capitalization of $1.59 billion, a price-to-earnings ratio of 20.66 and a beta of 1.00.

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.