Goldstone Financial Group LLC Decreases Stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Goldstone Financial Group LLC lessened its position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 27.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,835 shares of the company’s stock after selling 1,090 shares during the quarter. Goldstone Financial Group LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $269,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in SPMO. PSI Advisors LLC boosted its position in shares of Invesco S&P 500 Momentum ETF by 61.8% during the 4th quarter. PSI Advisors LLC now owns 288 shares of the company’s stock valued at $27,000 after acquiring an additional 110 shares during the last quarter. Continuum Advisory LLC raised its stake in Invesco S&P 500 Momentum ETF by 44.2% during the third quarter. Continuum Advisory LLC now owns 705 shares of the company’s stock valued at $67,000 after purchasing an additional 216 shares in the last quarter. Legacy Investment Solutions LLC bought a new position in Invesco S&P 500 Momentum ETF during the third quarter valued at $76,000. Richardson Financial Services Inc. grew its stake in shares of Invesco S&P 500 Momentum ETF by 26.8% in the 2nd quarter. Richardson Financial Services Inc. now owns 946 shares of the company’s stock worth $83,000 after buying an additional 200 shares in the last quarter. Finally, AdvisorNet Financial Inc increased its holdings in shares of Invesco S&P 500 Momentum ETF by 85.7% in the 4th quarter. AdvisorNet Financial Inc now owns 1,302 shares of the company’s stock worth $124,000 after buying an additional 601 shares during the last quarter.

Invesco S&P 500 Momentum ETF Trading Up 1.1 %

Shares of NYSEARCA:SPMO opened at $98.65 on Friday. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 20.66 and a beta of 1.00. Invesco S&P 500 Momentum ETF has a 12 month low of $66.52 and a 12 month high of $98.79. The company has a 50-day moving average price of $96.41 and a 200 day moving average price of $91.70.

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.