KWB Wealth trimmed its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 21.9% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 96,390 shares of the company’s stock after selling 27,100 shares during the period. Invesco S&P 500 Momentum ETF accounts for about 1.3% of KWB Wealth’s holdings, making the stock its 21st largest position. KWB Wealth’s holdings in Invesco S&P 500 Momentum ETF were worth $15,571,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Elevated Capital Advisors LLC acquired a new stake in Invesco S&P 500 Momentum ETF during the fourth quarter worth $33,000. Blue Trust Inc. raised its stake in shares of Invesco S&P 500 Momentum ETF by 35.8% in the 1st quarter. Blue Trust Inc. now owns 353 shares of the company’s stock valued at $40,000 after buying an additional 93 shares in the last quarter. Dogwood Wealth Management LLC bought a new position in shares of Invesco S&P 500 Momentum ETF during the 4th quarter worth about $44,000. Networth Advisors LLC bought a new position in shares of Invesco S&P 500 Momentum ETF during the 1st quarter worth about $48,000. Finally, Wellington Grp LLC boosted its position in shares of Invesco S&P 500 Momentum ETF by 43.6% during the 1st quarter. Wellington Grp LLC now owns 458 shares of the company’s stock valued at $51,000 after acquiring an additional 139 shares in the last quarter.
Invesco S&P 500 Momentum ETF Stock Performance
Shares of Invesco S&P 500 Momentum ETF stock opened at $148.70 on Tuesday. The firm has a market cap of $21.78 billion, a P/E ratio of 29.51 and a beta of 1.10. The firm’s 50-day simple moving average is $150.86 and its 200-day simple moving average is $134.39. Invesco S&P 500 Momentum ETF has a twelve month low of $107.24 and a twelve month high of $162.30.
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.
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