Trilogy Capital Inc. Sells 119,377 Shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Trilogy Capital Inc. cut its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 22.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 415,378 shares of the company’s stock after selling 119,377 shares during the quarter. Invesco S&P 500 Momentum ETF accounts for approximately 1.9% of Trilogy Capital Inc.’s investment portfolio, making the stock its 17th largest position. Trilogy Capital Inc. owned 2.58% of Invesco S&P 500 Momentum ETF worth $37,650,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Commonwealth Equity Services LLC raised its holdings in Invesco S&P 500 Momentum ETF by 186.0% during the 1st quarter. Commonwealth Equity Services LLC now owns 18,720 shares of the company’s stock valued at $1,502,000 after buying an additional 12,174 shares during the period. Atomi Financial Group Inc. purchased a new stake in shares of Invesco S&P 500 Momentum ETF in the first quarter valued at $482,000. New Century Financial Group LLC bought a new stake in shares of Invesco S&P 500 Momentum ETF in the 1st quarter worth about $498,000. Oppenheimer & Co. Inc. boosted its stake in shares of Invesco S&P 500 Momentum ETF by 19.0% during the 1st quarter. Oppenheimer & Co. Inc. now owns 7,981 shares of the company’s stock worth $640,000 after purchasing an additional 1,277 shares during the period. Finally, Castle Rock Wealth Management LLC bought a new position in Invesco S&P 500 Momentum ETF during the 3rd quarter valued at about $2,263,000.

Invesco S&P 500 Momentum ETF Price Performance

Shares of NYSEARCA SPMO opened at $94.07 on Monday. Invesco S&P 500 Momentum ETF has a 1 year low of $55.32 and a 1 year high of $94.69. The firm has a 50-day simple moving average of $89.56 and a two-hundred day simple moving average of $85.36. The company has a market cap of $1.52 billion, a P/E ratio of 20.66 and a beta of 1.00.

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.