Envestnet Asset Management Inc. Reduces Position in Invesco S&P 500 Momentum ETF $SPMO

Envestnet Asset Management Inc. trimmed its position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 49.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,096,003 shares of the company’s stock after selling 4,070,534 shares during the period. Envestnet Asset Management Inc. owned about 3.76% of Invesco S&P 500 Momentum ETF worth $495,862,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mainstay Capital Management LLC ADV grew its stake in shares of Invesco S&P 500 Momentum ETF by 111.9% during the second quarter. Mainstay Capital Management LLC ADV now owns 2,628,653 shares of the company’s stock valued at $295,645,000 after buying an additional 1,388,287 shares during the last quarter. CWM LLC lifted its stake in shares of Invesco S&P 500 Momentum ETF by 6.7% during the 3rd quarter. CWM LLC now owns 2,622,555 shares of the company’s stock worth $317,486,000 after acquiring an additional 164,530 shares during the last quarter. Vantagepoint Investment Advisers LLC purchased a new position in Invesco S&P 500 Momentum ETF during the 3rd quarter valued at $317,167,000. Bank of America Corp DE grew its position in Invesco S&P 500 Momentum ETF by 30.4% in the 2nd quarter. Bank of America Corp DE now owns 2,411,349 shares of the company’s stock valued at $271,204,000 after acquiring an additional 562,290 shares during the last quarter. Finally, Osaic Holdings Inc. increased its stake in Invesco S&P 500 Momentum ETF by 126.3% in the second quarter. Osaic Holdings Inc. now owns 1,097,393 shares of the company’s stock worth $120,105,000 after purchasing an additional 612,432 shares during the period.

Invesco S&P 500 Momentum ETF Trading Down 0.6%

NYSEARCA:SPMO opened at $119.52 on Wednesday. The company has a market cap of $13.58 billion, a price-to-earnings ratio of 29.51 and a beta of 0.98. Invesco S&P 500 Momentum ETF has a twelve month low of $78.25 and a twelve month high of $124.56. The stock has a fifty day simple moving average of $119.72 and a 200-day simple moving average of $118.94.

Invesco S&P 500 Momentum ETF 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.