Intelligence Driven Advisers LLC Sells 12,762 Shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Intelligence Driven Advisers LLC reduced its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 63.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,482 shares of the company’s stock after selling 12,762 shares during the quarter. Intelligence Driven Advisers LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $518,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Private Trust Co. NA bought a new position in Invesco S&P 500 Momentum ETF in the 4th quarter valued at about $77,000. Clear Creek Financial Management LLC bought a new position in Invesco S&P 500 Momentum ETF in the 4th quarter valued at about $2,135,000. Professional Financial Advisors LLC increased its holdings in shares of Invesco S&P 500 Momentum ETF by 2.7% during the fourth quarter. Professional Financial Advisors LLC now owns 48,732 shares of the company’s stock worth $3,192,000 after purchasing an additional 1,259 shares during the period. Trilogy Capital Inc. increased its holdings in shares of Invesco S&P 500 Momentum ETF by 7.0% during the fourth quarter. Trilogy Capital Inc. now owns 592,698 shares of the company’s stock worth $38,819,000 after purchasing an additional 38,536 shares during the period. Finally, Creative Financial Designs Inc. ADV increased its holdings in shares of Invesco S&P 500 Momentum ETF by 125.9% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 15,564 shares of the company’s stock worth $1,019,000 after purchasing an additional 8,673 shares during the period.

Invesco S&P 500 Momentum ETF Stock Up 0.9 %

Shares of SPMO traded up $0.68 during mid-day trading on Thursday, hitting $76.20. 107,554 shares of the company’s stock were exchanged, compared to its average volume of 266,245. Invesco S&P 500 Momentum ETF has a 52 week low of $52.81 and a 52 week high of $81.25. The stock’s 50-day simple moving average is $78.49 and its 200-day simple moving average is $69.46. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 19.73 and a beta of 0.98.

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.