Cardinal Strategic Wealth Guidance Sells 2,888 Shares of Invesco S&P 500 Momentum ETF $SPMO

Cardinal Strategic Wealth Guidance trimmed its position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 6.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,893 shares of the company’s stock after selling 2,888 shares during the quarter. Invesco S&P 500 Momentum ETF makes up about 1.3% of Cardinal Strategic Wealth Guidance’s investment portfolio, making the stock its 13th biggest position. Cardinal Strategic Wealth Guidance’s holdings in Invesco S&P 500 Momentum ETF were worth $4,599,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in SPMO. Envestnet Asset Management Inc. grew its stake in Invesco S&P 500 Momentum ETF by 41.7% during the first quarter. Envestnet Asset Management Inc. now owns 6,014,557 shares of the company’s stock worth $556,527,000 after buying an additional 1,770,226 shares during the last quarter. LPL Financial LLC grew its stake in Invesco S&P 500 Momentum ETF by 64.3% during the first quarter. LPL Financial LLC now owns 3,579,241 shares of the company’s stock worth $331,187,000 after buying an additional 1,400,512 shares during the last quarter. CWM LLC grew its stake in Invesco S&P 500 Momentum ETF by 201.9% during the first quarter. CWM LLC now owns 1,313,198 shares of the company’s stock worth $121,510,000 after buying an additional 878,259 shares during the last quarter. Alpine Bank Wealth Management bought a new stake in Invesco S&P 500 Momentum ETF during the first quarter worth about $56,345,000. Finally, BNP Paribas Financial Markets bought a new stake in Invesco S&P 500 Momentum ETF during the first quarter worth about $40,743,000.

Invesco S&P 500 Momentum ETF Trading Down 0.6%

Shares of Invesco S&P 500 Momentum ETF stock opened at $120.09 on Friday. The stock has a market capitalization of $13.13 billion, a price-to-earnings ratio of 29.51 and a beta of 0.89. Invesco S&P 500 Momentum ETF has a 1-year low of $78.25 and a 1-year high of $122.30. The firm’s 50-day moving average price is $118.03 and its two-hundred day moving average price is $107.30.

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.