Atria Investments Inc Cuts Stock Holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Atria Investments Inc lessened its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 22.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,471 shares of the company’s stock after selling 3,387 shares during the quarter. Atria Investments Inc’s holdings in Invesco S&P 500 Momentum ETF were worth $1,040,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. ORG Partners LLC acquired a new position in Invesco S&P 500 Momentum ETF in the second quarter valued at $38,000. Concourse Financial Group Securities Inc. lifted its stake in shares of Invesco S&P 500 Momentum ETF by 103.9% in the 2nd quarter. Concourse Financial Group Securities Inc. now owns 569 shares of the company’s stock valued at $50,000 after purchasing an additional 290 shares in the last quarter. Richardson Financial Services Inc. grew its holdings in shares of Invesco S&P 500 Momentum ETF by 26.8% during the 2nd quarter. Richardson Financial Services Inc. now owns 946 shares of the company’s stock worth $83,000 after purchasing an additional 200 shares during the period. TKG Advisors LLC acquired a new stake in Invesco S&P 500 Momentum ETF during the 3rd quarter worth approximately $204,000. Finally, Simplicity Wealth LLC purchased a new position in Invesco S&P 500 Momentum ETF in the third quarter valued at approximately $213,000.

Invesco S&P 500 Momentum ETF Stock Down 1.6 %

Shares of SPMO stock opened at $93.90 on Monday. Invesco S&P 500 Momentum ETF has a fifty-two week low of $60.97 and a fifty-two week high of $97.36. The firm’s 50 day moving average price is $92.03 and its two-hundred day moving average price is $87.56. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of 20.66 and a beta of 1.00.

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.