Beacon Capital Management Inc. Sells 505 Shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Beacon Capital Management Inc. trimmed its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 1.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,806 shares of the company’s stock after selling 505 shares during the quarter. Invesco S&P 500 Momentum ETF accounts for about 0.2% of Beacon Capital Management Inc.’s portfolio, making the stock its 25th largest position. Beacon Capital Management Inc. owned 0.24% of Invesco S&P 500 Momentum ETF worth $3,687,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in SPMO. Mainstay Capital Management LLC ADV boosted its stake in Invesco S&P 500 Momentum ETF by 374.5% during the fourth quarter. Mainstay Capital Management LLC ADV now owns 1,216,892 shares of the company’s stock worth $115,617,000 after acquiring an additional 960,418 shares in the last quarter. World Investment Advisors LLC increased its position in shares of Invesco S&P 500 Momentum ETF by 1,416.7% during the 3rd quarter. World Investment Advisors LLC now owns 300,875 shares of the company’s stock valued at $27,271,000 after purchasing an additional 281,038 shares during the last quarter. Austin Private Wealth LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF during the 4th quarter valued at $14,567,000. Raymond James Financial Inc. purchased a new stake in Invesco S&P 500 Momentum ETF in the 4th quarter worth about $14,373,000. Finally, Fortis Group Advisors LLC increased its holdings in Invesco S&P 500 Momentum ETF by 93.7% in the 4th quarter. Fortis Group Advisors LLC now owns 288,988 shares of the company’s stock worth $27,457,000 after acquiring an additional 139,785 shares during the last quarter.

Invesco S&P 500 Momentum ETF Stock Down 0.1 %

Shares of NYSEARCA SPMO opened at $94.38 on Friday. Invesco S&P 500 Momentum ETF has a 52 week low of $74.40 and a 52 week high of $103.44. The business has a 50-day simple moving average of $98.56 and a two-hundred day simple moving average of $95.30. The company has a market cap of $5.25 billion, a P/E ratio of 24.89 and a beta of 0.93.

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.