First Heartland Consultants Inc. Sells 195 Shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

First Heartland Consultants Inc. lowered its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 2.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 7,728 shares of the company’s stock after selling 195 shares during the quarter. First Heartland Consultants Inc.’s holdings in Invesco S&P 500 Momentum ETF were worth $734,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Merit Financial Group LLC bought a new stake in Invesco S&P 500 Momentum ETF in the fourth quarter worth $589,000. Ameritas Advisory Services LLC purchased a new position in shares of Invesco S&P 500 Momentum ETF in the 4th quarter worth about $279,000. Global Trust Asset Management LLC boosted its stake in Invesco S&P 500 Momentum ETF by 95.5% in the 4th quarter. Global Trust Asset Management LLC now owns 430 shares of the company’s stock worth $41,000 after purchasing an additional 210 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in Invesco S&P 500 Momentum ETF by 110.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 43,997 shares of the company’s stock worth $4,180,000 after purchasing an additional 23,138 shares in the last quarter. Finally, Mutual Advisors LLC purchased a new stake in Invesco S&P 500 Momentum ETF during the 4th quarter valued at about $1,688,000.

Invesco S&P 500 Momentum ETF Stock Performance

NYSEARCA:SPMO opened at $103.01 on Thursday. The firm has a market cap of $6.90 billion, a P/E ratio of 27.23 and a beta of 0.97. Invesco S&P 500 Momentum ETF has a fifty-two week low of $76.75 and a fifty-two week high of $105.34. The firm has a 50-day simple moving average of $94.09 and a two-hundred day simple moving average of $96.33.

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.