Absolute Capital Management LLC Sells 333 Shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Absolute Capital Management LLC reduced its position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 11.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 2,607 shares of the company’s stock after selling 333 shares during the period. Absolute Capital Management LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $249,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in SPMO. PSI Advisors LLC raised its holdings in shares of Invesco S&P 500 Momentum ETF by 61.8% in the fourth quarter. PSI Advisors LLC now owns 288 shares of the company’s stock valued at $27,000 after acquiring an additional 110 shares in the last quarter. Global Trust Asset Management LLC raised its holdings in shares of Invesco S&P 500 Momentum ETF by 95.5% in the fourth quarter. Global Trust Asset Management LLC now owns 430 shares of the company’s stock valued at $41,000 after acquiring an additional 210 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Invesco S&P 500 Momentum ETF in the fourth quarter valued at about $48,000. Continuum Advisory LLC raised its holdings in shares of Invesco S&P 500 Momentum ETF by 44.2% in the third quarter. Continuum Advisory LLC now owns 705 shares of the company’s stock valued at $67,000 after acquiring an additional 216 shares in the last quarter. Finally, Legacy Investment Solutions LLC bought a new stake in shares of Invesco S&P 500 Momentum ETF in the third quarter valued at about $76,000.

Invesco S&P 500 Momentum ETF Price Performance

SPMO stock opened at $94.38 on Friday. The business has a 50-day moving average price of $98.56 and a 200 day moving average price of $95.30. The company has a market capitalization of $5.25 billion, a P/E ratio of 24.89 and a beta of 0.93. Invesco S&P 500 Momentum ETF has a 1-year low of $74.40 and a 1-year high of $103.44.

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.