Lionsbridge Wealth Management LLC Decreases Stake in Invesco S&P 500 Momentum ETF $SPMO

Lionsbridge Wealth Management LLC decreased its position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 14.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 31,799 shares of the company’s stock after selling 5,285 shares during the period. Invesco S&P 500 Momentum ETF accounts for 3.8% of Lionsbridge Wealth Management LLC’s portfolio, making the stock its 3rd largest position. Lionsbridge Wealth Management LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $3,794,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Cullen Frost Bankers Inc. bought a new position in Invesco S&P 500 Momentum ETF in the third quarter valued at about $27,000. Blue Trust Inc. bought a new position in Invesco S&P 500 Momentum ETF in the third quarter valued at about $31,000. Dunhill Financial LLC bought a new position in Invesco S&P 500 Momentum ETF in the third quarter valued at about $33,000. Salomon & Ludwin LLC boosted its holdings in Invesco S&P 500 Momentum ETF by 117.9% in the third quarter. Salomon & Ludwin LLC now owns 305 shares of the company’s stock valued at $37,000 after acquiring an additional 165 shares during the last quarter. Finally, Bernard Wealth Management Corp. bought a new position in Invesco S&P 500 Momentum ETF in the third quarter valued at about $45,000.

Invesco S&P 500 Momentum ETF Stock Up 0.1%

Invesco S&P 500 Momentum ETF stock opened at $126.74 on Friday. The business’s 50-day simple moving average is $118.29 and its 200 day simple moving average is $119.22. The stock has a market cap of $14.76 billion, a price-to-earnings ratio of 29.51 and a beta of 1.02. Invesco S&P 500 Momentum ETF has a 12-month low of $84.86 and a 12-month high of $126.95.

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.