Envestnet Portfolio Solutions Inc. cut its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 0.8% in the second quarter, HoldingsChannel reports. The fund owned 154,183 shares of the company’s stock after selling 1,300 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Invesco S&P 500 Momentum ETF were worth $17,341,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Fourth Dimension Wealth LLC bought a new position in shares of Invesco S&P 500 Momentum ETF in the first quarter worth about $28,000. WealthShield Partners LLC raised its stake in shares of Invesco S&P 500 Momentum ETF by 51.2% in the first quarter. WealthShield Partners LLC now owns 307 shares of the company’s stock worth $28,000 after acquiring an additional 104 shares during the last quarter. ORG Wealth Partners LLC bought a new position in shares of Invesco S&P 500 Momentum ETF in the first quarter worth about $40,000. Continuum Advisory LLC raised its stake in shares of Invesco S&P 500 Momentum ETF by 41.2% in the first quarter. Continuum Advisory LLC now owns 528 shares of the company’s stock worth $49,000 after acquiring an additional 154 shares during the last quarter. Finally, Sound Income Strategies LLC raised its stake in shares of Invesco S&P 500 Momentum ETF by 1,859.3% in the first quarter. Sound Income Strategies LLC now owns 529 shares of the company’s stock worth $49,000 after acquiring an additional 502 shares during the last quarter.
Invesco S&P 500 Momentum ETF Trading Up 2.3%
Shares of NYSEARCA SPMO opened at $121.17 on Tuesday. Invesco S&P 500 Momentum ETF has a 1-year low of $78.25 and a 1-year high of $122.53. The company has a market cap of $13.21 billion, a PE ratio of 29.51 and a beta of 0.89. The company has a 50-day moving average of $118.71 and a two-hundred day moving average of $108.56.
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.
Read More
- Five stocks we like better than Invesco S&P 500 Momentum ETF
- What Investors Need to Know to Beat the Market
- FICO’s Big Dip Could Be the Best Buying Chance of the Year
- What Investors Need to Know About Upcoming IPOs
- D-Wave: Reevaluating the Short Seller’s Case After the Downgrade
- A Deeper Look at Bid-Ask Spreads
- Datavault: A Speculative AI Play, But Beware of Volatility
Want to see what other hedge funds are holding SPMO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report).
Receive News & Ratings for Invesco S&P 500 Momentum ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco S&P 500 Momentum ETF and related companies with MarketBeat.com's FREE daily email newsletter.
