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

Able Wealth Management LLC lessened its position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 27.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 87,171 shares of the company’s stock after selling 33,208 shares during the quarter. Invesco S&P 500 Momentum ETF comprises 2.6% of Able Wealth Management LLC’s investment portfolio, making the stock its 8th biggest holding. Able Wealth Management LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $9,773,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the company. Eagle Wealth Advisors LLC boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 20.3% in the first quarter. Eagle Wealth Advisors LLC now owns 3,541 shares of the company’s stock valued at $397,000 after acquiring an additional 598 shares during the period. Daviman Financial LLC increased its holdings in shares of Invesco S&P 500 Momentum ETF by 9.1% in the 1st quarter. Daviman Financial LLC now owns 36,698 shares of the company’s stock valued at $4,114,000 after acquiring an additional 3,071 shares during the period. Caliber Wealth Management LLC KS increased its holdings in shares of Invesco S&P 500 Momentum ETF by 22.1% in the 1st quarter. Caliber Wealth Management LLC KS now owns 3,282 shares of the company’s stock valued at $368,000 after acquiring an additional 594 shares during the period. Mayflower Financial Advisors LLC raised its position in Invesco S&P 500 Momentum ETF by 7.5% in the 1st quarter. Mayflower Financial Advisors LLC now owns 39,350 shares of the company’s stock valued at $4,412,000 after purchasing an additional 2,746 shares during the last quarter. Finally, Capital Investment Counsel LLC raised its position in Invesco S&P 500 Momentum ETF by 2.3% in the 1st quarter. Capital Investment Counsel LLC now owns 43,228 shares of the company’s stock valued at $4,846,000 after purchasing an additional 988 shares during the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

Shares of NYSEARCA:SPMO opened at $155.32 on Thursday. Invesco S&P 500 Momentum ETF has a 1-year low of $107.24 and a 1-year high of $162.30. The stock has a market cap of $21.72 billion, a P/E ratio of 29.51 and a beta of 1.09. The firm has a fifty day moving average price of $146.83 and a 200 day moving average price of $128.79.

Invesco S&P 500 Momentum ETF Company 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.