Invesco S&P 500 Momentum ETF $SPMO Shares Sold by Ameriflex Group Inc.

Ameriflex Group Inc. lowered its position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 98.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 294 shares of the company’s stock after selling 14,299 shares during the quarter. Ameriflex Group Inc.’s holdings in Invesco S&P 500 Momentum ETF were worth $36,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Evolution Wealth Management Inc. increased its holdings in shares of Invesco S&P 500 Momentum ETF by 468.7% in the 3rd quarter. Evolution Wealth Management Inc. now owns 7,410 shares of the company’s stock valued at $897,000 after acquiring an additional 6,107 shares during the last quarter. Benjamin Edwards Inc. purchased a new stake in Invesco S&P 500 Momentum ETF during the third quarter worth approximately $1,654,000. J.W. Cole Advisors Inc. lifted its stake in Invesco S&P 500 Momentum ETF by 83.1% during the second quarter. J.W. Cole Advisors Inc. now owns 12,858 shares of the company’s stock worth $1,446,000 after purchasing an additional 5,834 shares during the last quarter. Altus Wealth Group LLC boosted its holdings in Invesco S&P 500 Momentum ETF by 4.7% in the third quarter. Altus Wealth Group LLC now owns 137,743 shares of the company’s stock valued at $16,675,000 after purchasing an additional 6,229 shares in the last quarter. Finally, WMG Financial Advisors LLC boosted its holdings in Invesco S&P 500 Momentum ETF by 266.8% in the third quarter. WMG Financial Advisors LLC now owns 16,125 shares of the company’s stock valued at $1,952,000 after purchasing an additional 11,729 shares in the last quarter.

Invesco S&P 500 Momentum ETF Stock Down 0.2%

Shares of Invesco S&P 500 Momentum ETF stock opened at $119.08 on Wednesday. The firm has a market capitalization of $13.52 billion, a P/E ratio of 29.51 and a beta of 0.98. Invesco S&P 500 Momentum ETF has a 52 week low of $78.25 and a 52 week high of $124.56. The firm’s 50 day moving average is $119.34 and its two-hundred day moving average is $119.55.

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.