Invesco S&P 500 Momentum ETF $SPMO Stake Lessened by IFG Advisory LLC

IFG Advisory LLC cut its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 39.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,696 shares of the company’s stock after selling 38,374 shares during the period. IFG Advisory LLC owned 0.05% of Invesco S&P 500 Momentum ETF worth $7,227,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in SPMO. Evolution Wealth Management Inc. increased its holdings in Invesco S&P 500 Momentum ETF by 468.7% in the third quarter. Evolution Wealth Management Inc. now owns 7,410 shares of the company’s stock valued at $897,000 after buying an additional 6,107 shares during the last quarter. Benjamin Edwards Inc. bought a new position in Invesco S&P 500 Momentum ETF during the 3rd quarter worth approximately $1,654,000. J.W. Cole Advisors Inc. grew its position in shares of Invesco S&P 500 Momentum ETF by 83.1% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 12,858 shares of the company’s stock worth $1,446,000 after acquiring an additional 5,834 shares in the last quarter. Altus Wealth Group LLC increased its holdings in shares of Invesco S&P 500 Momentum ETF by 4.7% in the 3rd quarter. Altus Wealth Group LLC now owns 137,743 shares of the company’s stock valued at $16,675,000 after acquiring an additional 6,229 shares during the last quarter. Finally, WMG Financial Advisors LLC increased its holdings in shares of Invesco S&P 500 Momentum ETF by 266.8% in the 3rd quarter. WMG Financial Advisors LLC now owns 16,125 shares of the company’s stock valued at $1,952,000 after acquiring an additional 11,729 shares during the last quarter.

Invesco S&P 500 Momentum ETF Trading Up 0.9%

SPMO stock opened at $120.26 on Thursday. The stock’s 50 day simple moving average is $119.49 and its 200 day simple moving average is $119.44. Invesco S&P 500 Momentum ETF has a 12-month low of $78.25 and a 12-month high of $124.56. The firm has a market cap of $13.65 billion, a P/E ratio of 29.51 and a beta of 0.98.

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.