HBW Advisory Services LLC trimmed its stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 34.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 173,175 shares of the company’s stock after selling 90,037 shares during the quarter. Invesco S&P 500 Momentum ETF makes up 2.5% of HBW Advisory Services LLC’s holdings, making the stock its 3rd biggest holding. HBW Advisory Services LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $26,250,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently made changes to their positions in SPMO. Coppell Advisory Solutions LLC acquired a new position in shares of Invesco S&P 500 Momentum ETF in the second quarter worth approximately $26,000. Rosenberg Matthew Hamilton bought a new stake in Invesco S&P 500 Momentum ETF in the third quarter valued at approximately $33,000. Toth Financial Advisory Corp acquired a new stake in Invesco S&P 500 Momentum ETF during the 3rd quarter valued at approximately $34,000. Blue Trust Inc. increased its position in Invesco S&P 500 Momentum ETF by 35.8% during the 1st quarter. Blue Trust Inc. now owns 353 shares of the company’s stock valued at $40,000 after purchasing an additional 93 shares during the period. Finally, Montgomery Financial Services LLC acquired a new stake in Invesco S&P 500 Momentum ETF during the 2nd quarter valued at approximately $46,000.
Invesco S&P 500 Momentum ETF Stock Performance
Invesco S&P 500 Momentum ETF stock opened at $145.18 on Thursday. Invesco S&P 500 Momentum ETF has a 52-week low of $107.24 and a 52-week high of $162.30. The firm has a 50 day moving average price of $149.54 and a two-hundred day moving average price of $144.74. The firm has a market cap of $22.38 billion, a price-to-earnings ratio of 29.51 and a beta of 1.10.
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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