Invesco S&P 500 Momentum ETF $SPMO Stock Sold by Firethorn Wealth Partners LLC

Firethorn Wealth Partners LLC lessened its position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 75.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,906 shares of the company’s stock after selling 5,952 shares during the period. Firethorn Wealth Partners LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $289,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Tompkins Financial Corp purchased a new position in Invesco S&P 500 Momentum ETF in the 3rd quarter worth approximately $36,990,000. Avidian Wealth Enterprises LLC bought a new position in Invesco S&P 500 Momentum ETF in the 3rd quarter valued at approximately $21,619,000. Planning Alternatives Ltd. ADV boosted its stake in Invesco S&P 500 Momentum ETF by 22.9% during the 1st quarter. Planning Alternatives Ltd. ADV now owns 744,409 shares of the company’s stock valued at $83,456,000 after purchasing an additional 138,915 shares during the last quarter. Ameritas Advisory Services LLC boosted its stake in Invesco S&P 500 Momentum ETF by 928.3% during the 2nd quarter. Ameritas Advisory Services LLC now owns 150,022 shares of the company’s stock valued at $24,235,000 after purchasing an additional 135,432 shares during the last quarter. Finally, Financial Enhancement Group LLC purchased a new stake in Invesco S&P 500 Momentum ETF during the 3rd quarter valued at $19,633,000.

Invesco S&P 500 Momentum ETF Stock Down 1.7%

Shares of Invesco S&P 500 Momentum ETF stock traded down $2.48 on Wednesday, reaching $145.55. The company’s stock had a trading volume of 902,620 shares, compared to its average volume of 1,937,132. The company has a market capitalization of $22.44 billion, a price-to-earnings ratio of 29.51 and a beta of 1.10. The firm’s fifty day simple moving average is $149.64 and its two-hundred day simple moving average is $144.50. Invesco S&P 500 Momentum ETF has a 52 week low of $107.24 and a 52 week high of $162.30.

About Invesco S&P 500 Momentum ETF

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.