Ameritas Advisory Services LLC Sells 31,037 Shares of Invesco S&P 500 Momentum ETF $SPMO

Ameritas Advisory Services LLC reduced its stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 82.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,701 shares of the company’s stock after selling 31,037 shares during the quarter. Ameritas Advisory Services LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $811,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Schroder Investment Management Group acquired a new stake in Invesco S&P 500 Momentum ETF in the second quarter valued at approximately $26,000. Cullen Frost Bankers Inc. bought a new position in shares of Invesco S&P 500 Momentum ETF in the 3rd quarter valued at $27,000. GHP Investment Advisors Inc. boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 99.2% during the 2nd quarter. GHP Investment Advisors Inc. now owns 265 shares of the company’s stock valued at $30,000 after acquiring an additional 132 shares in the last quarter. Mark Sheptoff Financial Planning LLC bought a new stake in Invesco S&P 500 Momentum ETF during the 2nd quarter worth $31,000. Finally, Blue Trust Inc. acquired a new position in Invesco S&P 500 Momentum ETF in the 3rd quarter worth about $31,000.

Invesco S&P 500 Momentum ETF Stock Performance

SPMO stock opened at $118.25 on Friday. The company has a market capitalization of $13.43 billion, a P/E ratio of 29.51 and a beta of 0.98. The company has a fifty day moving average price of $119.61 and a 200-day moving average price of $119.16. Invesco S&P 500 Momentum ETF has a 52-week low of $78.25 and a 52-week high of $124.56.

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.