Csenge Advisory Group Decreases Stock Position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Csenge Advisory Group cut its position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 20.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 6,110 shares of the company’s stock after selling 1,566 shares during the period. Csenge Advisory Group’s holdings in Invesco S&P 500 Momentum ETF were worth $581,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in SPMO. Stratos Wealth Partners LTD. lifted its holdings in Invesco S&P 500 Momentum ETF by 61.3% during the fourth quarter. Stratos Wealth Partners LTD. now owns 10,065 shares of the company’s stock valued at $956,000 after purchasing an additional 3,826 shares during the last quarter. Private Advisor Group LLC raised its position in shares of Invesco S&P 500 Momentum ETF by 26.6% in the third quarter. Private Advisor Group LLC now owns 25,667 shares of the company’s stock valued at $2,326,000 after purchasing an additional 5,396 shares during the period. StoneX Group Inc. bought a new stake in shares of Invesco S&P 500 Momentum ETF in the third quarter valued at approximately $911,000. Jane Street Group LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF during the 3rd quarter valued at approximately $326,000. Finally, Thrivent Financial for Lutherans bought a new position in Invesco S&P 500 Momentum ETF in the 3rd quarter worth approximately $1,312,000.

Invesco S&P 500 Momentum ETF Price Performance

Shares of SPMO stock opened at $103.07 on Wednesday. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of 20.66 and a beta of 1.00. The company’s fifty day simple moving average is $98.48 and its two-hundred day simple moving average is $93.75. Invesco S&P 500 Momentum ETF has a 1 year low of $72.99 and a 1 year high of $103.44.

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.