Signet Private Wealth LLC Sells 4,539 Shares of Invesco S&P 500 Momentum ETF $SPMO

Signet Private Wealth LLC decreased its position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 28.6% during the first quarter, Holdings Channel reports. The institutional investor owned 11,352 shares of the company’s stock after selling 4,539 shares during the period. Invesco S&P 500 Momentum ETF makes up approximately 1.2% of Signet Private Wealth LLC’s investment portfolio, making the stock its 16th biggest position. Signet Private Wealth LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $1,273,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Dynamic Advisor Solutions LLC raised its position in Invesco S&P 500 Momentum ETF by 116.7% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 106,101 shares of the company’s stock worth $12,660,000 after purchasing an additional 57,149 shares during the period. IFP Advisors Inc raised its holdings in shares of Invesco S&P 500 Momentum ETF by 98.0% in the third quarter. IFP Advisors Inc now owns 10,833 shares of the company’s stock worth $1,311,000 after buying an additional 5,361 shares during the period. CIBC Private Wealth Group LLC lifted its stake in shares of Invesco S&P 500 Momentum ETF by 7,363.6% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 15,972 shares of the company’s stock worth $1,934,000 after acquiring an additional 15,758 shares during the last quarter. Able Wealth Management LLC lifted its stake in shares of Invesco S&P 500 Momentum ETF by 13.0% during the 4th quarter. Able Wealth Management LLC now owns 120,379 shares of the company’s stock worth $14,364,000 after acquiring an additional 13,883 shares during the last quarter. Finally, Hutchens & Kramer Investment Management Group LLC boosted its holdings in Invesco S&P 500 Momentum ETF by 1,035.6% during the 4th quarter. Hutchens & Kramer Investment Management Group LLC now owns 19,646 shares of the company’s stock valued at $2,344,000 after acquiring an additional 17,916 shares during the period.

Invesco S&P 500 Momentum ETF Stock Down 3.4%

SPMO traded down $5.19 during trading hours on Tuesday, reaching $147.79. 1,138,087 shares of the company’s stock traded hands, compared to its average volume of 1,914,222. The firm has a 50-day moving average price of $148.22 and a 200 day moving average price of $129.48. The firm has a market capitalization of $20.79 billion, a PE ratio of 29.51 and a beta of 1.09. Invesco S&P 500 Momentum ETF has a 52-week low of $107.24 and a 52-week high of $162.30.

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.