C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Reduces Position in Invesco S&P 500 Momentum ETF $SPMO

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors decreased its stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 90.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,607 shares of the company’s stock after selling 33,347 shares during the quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors’ holdings in Invesco S&P 500 Momentum ETF were worth $430,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Schroder Investment Management Group acquired a new position in shares of Invesco S&P 500 Momentum ETF in the 2nd quarter valued at $26,000. Cullen Frost Bankers Inc. acquired a new stake in Invesco S&P 500 Momentum ETF during the 3rd quarter worth about $27,000. Blue Trust Inc. acquired a new stake in Invesco S&P 500 Momentum ETF during the 3rd quarter worth about $31,000. Dunhill Financial LLC purchased a new stake in Invesco S&P 500 Momentum ETF during the 3rd quarter valued at about $33,000. Finally, Salomon & Ludwin LLC grew its stake in Invesco S&P 500 Momentum ETF by 117.9% during the 3rd quarter. Salomon & Ludwin LLC now owns 305 shares of the company’s stock valued at $37,000 after purchasing an additional 165 shares during the last quarter.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of SPMO stock opened at $114.74 on Monday. Invesco S&P 500 Momentum ETF has a fifty-two week low of $78.25 and a fifty-two week high of $124.56. The firm has a market capitalization of $13.11 billion, a PE ratio of 29.51 and a beta of 0.98. The stock’s 50-day simple moving average is $117.62 and its 200-day simple moving average is $119.10.

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.