Beacon Capital Management Inc. Sells 505 Shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Beacon Capital Management Inc. trimmed its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 1.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 38,806 shares of the company’s stock after selling 505 shares during the quarter. Invesco S&P 500 Momentum ETF accounts for 0.2% of Beacon Capital Management Inc.’s portfolio, making the stock its 25th biggest holding. Beacon Capital Management Inc.’s holdings in Invesco S&P 500 Momentum ETF were worth $3,687,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. LPL Financial LLC increased its position in Invesco S&P 500 Momentum ETF by 10.0% in the third quarter. LPL Financial LLC now owns 1,242,778 shares of the company’s stock worth $112,645,000 after buying an additional 113,439 shares in the last quarter. Mainstay Capital Management LLC ADV lifted its stake in shares of Invesco S&P 500 Momentum ETF by 374.5% in the 4th quarter. Mainstay Capital Management LLC ADV now owns 1,216,892 shares of the company’s stock valued at $115,617,000 after purchasing an additional 960,418 shares during the last quarter. Money Concepts Capital Corp lifted its stake in shares of Invesco S&P 500 Momentum ETF by 9.1% in the 4th quarter. Money Concepts Capital Corp now owns 611,529 shares of the company’s stock valued at $58,101,000 after purchasing an additional 50,980 shares during the last quarter. Trilogy Capital Inc. raised its holdings in shares of Invesco S&P 500 Momentum ETF by 1.6% in the fourth quarter. Trilogy Capital Inc. now owns 421,901 shares of the company’s stock worth $40,085,000 after buying an additional 6,523 shares during the period. Finally, One Capital Management LLC raised its holdings in shares of Invesco S&P 500 Momentum ETF by 19.6% in the fourth quarter. One Capital Management LLC now owns 380,906 shares of the company’s stock worth $36,190,000 after buying an additional 62,306 shares during the period.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of NYSEARCA SPMO opened at $94.38 on Friday. The business’s 50 day moving average price is $98.56 and its 200-day moving average price is $95.30. The company has a market cap of $5.25 billion, a price-to-earnings ratio of 24.89 and a beta of 0.93. Invesco S&P 500 Momentum ETF has a fifty-two week low of $74.40 and a fifty-two week 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.