Invesco S&P 500 Momentum ETF $SPMO Stock Sold by KWB Wealth

KWB Wealth lowered its position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 94.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,362 shares of the company’s stock after selling 91,028 shares during the quarter. KWB Wealth’s holdings in Invesco S&P 500 Momentum ETF were worth $813,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Envestnet Asset Management Inc. boosted its stake in Invesco S&P 500 Momentum ETF by 9.5% during the second quarter. Envestnet Asset Management Inc. now owns 1,479,343 shares of the company’s stock valued at $238,973,000 after buying an additional 128,087 shares during the period. Planning Alternatives Ltd. ADV grew its position in Invesco S&P 500 Momentum ETF by 22.9% during the first quarter. Planning Alternatives Ltd. ADV now owns 744,409 shares of the company’s stock worth $83,456,000 after buying an additional 138,915 shares in the last quarter. Redwood Investment Management LLC grew its position in Invesco S&P 500 Momentum ETF by 5.3% during the first quarter. Redwood Investment Management LLC now owns 656,268 shares of the company’s stock worth $73,574,000 after buying an additional 33,157 shares in the last quarter. Private Advisor Group LLC increased its stake in Invesco S&P 500 Momentum ETF by 6.8% in the 1st quarter. Private Advisor Group LLC now owns 562,480 shares of the company’s stock worth $63,060,000 after acquiring an additional 35,630 shares during the last quarter. Finally, Sanctuary Advisors LLC increased its stake in Invesco S&P 500 Momentum ETF by 3.3% in the 1st quarter. Sanctuary Advisors LLC now owns 288,988 shares of the company’s stock worth $32,398,000 after acquiring an additional 9,187 shares during the last quarter.

Invesco S&P 500 Momentum ETF Stock Down 2.3%

Shares of NYSEARCA SPMO opened at $140.89 on Friday. The stock’s 50-day simple moving average is $149.27 and its two-hundred day simple moving average is $144.95. Invesco S&P 500 Momentum ETF has a twelve month low of $107.24 and a twelve month high of $162.30. The firm has a market capitalization of $21.74 billion, a P/E ratio of 29.51 and a beta of 1.10.

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.