KWB Wealth Has $15.57 Million Stake in Invesco S&P 500 Momentum ETF $SPMO

KWB Wealth trimmed its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 21.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 96,390 shares of the company’s stock after selling 27,100 shares during the period. Invesco S&P 500 Momentum ETF accounts for about 1.3% of KWB Wealth’s investment portfolio, making the stock its 21st largest position. KWB Wealth owned approximately 0.07% of Invesco S&P 500 Momentum ETF worth $15,571,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in SPMO. Capstone Wealth Management Group LLC raised its position in shares of Invesco S&P 500 Momentum ETF by 129.4% in the first quarter. Capstone Wealth Management Group LLC now owns 116,148 shares of the company’s stock valued at $10,747,000 after purchasing an additional 65,515 shares during the period. Goldman Sachs Group Inc. bought a new position in Invesco S&P 500 Momentum ETF in the 1st quarter worth $18,900,000. Jane Street Group LLC raised its holdings in Invesco S&P 500 Momentum ETF by 346.5% in the 1st quarter. Jane Street Group LLC now owns 40,389 shares of the company’s stock worth $3,737,000 after acquiring an additional 31,344 shares during the period. Invesco Ltd. lifted its position in Invesco S&P 500 Momentum ETF by 43.9% during the 2nd quarter. Invesco Ltd. now owns 76,100 shares of the company’s stock worth $8,559,000 after acquiring an additional 23,223 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in Invesco S&P 500 Momentum ETF by 11.7% during the second quarter. NewEdge Advisors LLC now owns 49,744 shares of the company’s stock valued at $5,595,000 after acquiring an additional 5,209 shares during the period.

Invesco S&P 500 Momentum ETF Price Performance

SPMO stock opened at $148.70 on Tuesday. The stock has a market capitalization of $21.78 billion, a price-to-earnings ratio of 29.51 and a beta of 1.10. The company has a 50-day moving average of $150.86 and a two-hundred day moving average of $134.39. Invesco S&P 500 Momentum ETF has a 52-week low of $107.24 and a 52-week high of $162.30.

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.