Northwestern Mutual Wealth Management Co. trimmed its position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 75.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 272,733 shares of the company’s stock after selling 827,069 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Invesco S&P 500 Momentum ETF were worth $32,543,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. purchased a new stake in shares of Invesco S&P 500 Momentum ETF in the third quarter worth $27,000. Dunhill Financial LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF in the third quarter worth $33,000. Elevated Capital Advisors LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF in the fourth quarter worth $33,000. Dogwood Wealth Management LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF in the fourth quarter worth $44,000. Finally, MAI Capital Management purchased a new stake in shares of Invesco S&P 500 Momentum ETF in the third quarter worth $50,000.
Invesco S&P 500 Momentum ETF Trading Down 1.4%
NYSEARCA SPMO opened at $141.42 on Tuesday. Invesco S&P 500 Momentum ETF has a 12 month low of $101.80 and a 12 month high of $147.87. The stock has a market cap of $17.24 billion, a P/E ratio of 29.51 and a beta of 1.09. The stock’s fifty day moving average price is $125.09 and its 200-day moving average price is $121.40.
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.
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