Invesco S&P 500 Momentum ETF $SPMO Shares Sold by McNaughton Wealth Management LLC

McNaughton Wealth Management LLC trimmed its position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 25.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,673 shares of the company’s stock after selling 10,951 shares during the quarter. Invesco S&P 500 Momentum ETF makes up about 1.8% of McNaughton Wealth Management LLC’s portfolio, making the stock its 16th biggest holding. McNaughton Wealth Management LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $5,116,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in SPMO. LPL Financial LLC increased its holdings in Invesco S&P 500 Momentum ETF by 2.8% in the fourth quarter. LPL Financial LLC now owns 6,624,488 shares of the company’s stock valued at $790,434,000 after buying an additional 182,485 shares in the last quarter. CWM LLC boosted its stake in shares of Invesco S&P 500 Momentum ETF by 14.1% during the 4th quarter. CWM LLC now owns 2,992,182 shares of the company’s stock worth $357,027,000 after acquiring an additional 369,627 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Invesco S&P 500 Momentum ETF by 15.5% during the 3rd quarter. Bank of America Corp DE now owns 2,785,766 shares of the company’s stock worth $337,245,000 after acquiring an additional 374,417 shares in the last quarter. Morgan Stanley grew its position in shares of Invesco S&P 500 Momentum ETF by 8.1% during the 4th quarter. Morgan Stanley now owns 2,682,877 shares of the company’s stock valued at $320,121,000 after acquiring an additional 199,934 shares during the period. Finally, Raymond James Financial Inc. grew its position in shares of Invesco S&P 500 Momentum ETF by 28.7% during the 4th quarter. Raymond James Financial Inc. now owns 1,726,149 shares of the company’s stock valued at $205,964,000 after acquiring an additional 385,146 shares during the period.

Invesco S&P 500 Momentum ETF Stock Down 0.6%

Shares of Invesco S&P 500 Momentum ETF stock opened at $150.27 on Thursday. Invesco S&P 500 Momentum ETF has a twelve month low of $107.24 and a twelve month high of $162.30. The business has a 50-day moving average price of $150.97 and a 200 day moving average price of $133.75. The firm has a market cap of $22.01 billion, a PE ratio of 29.51 and a beta of 1.10.

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.