USAdvisors Wealth Management LLC Cuts Position in Invesco S&P 500 Momentum ETF $SPMO

USAdvisors Wealth Management LLC lowered its stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 92.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,086 shares of the company’s stock after selling 209,498 shares during the quarter. USAdvisors Wealth Management LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $1,922,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Ameriflex Group Inc. increased its position in shares of Invesco S&P 500 Momentum ETF by 8.8% during the second quarter. Ameriflex Group Inc. now owns 14,593 shares of the company’s stock worth $1,623,000 after acquiring an additional 1,182 shares during the period. Washington Growth Strategies LLC increased its position in shares of Invesco S&P 500 Momentum ETF by 23,435.5% during the second quarter. Washington Growth Strategies LLC now owns 21,888 shares of the company’s stock worth $2,462,000 after acquiring an additional 21,795 shares during the period. Jackson Wealth Management LLC increased its position in shares of Invesco S&P 500 Momentum ETF by 147.4% during the second quarter. Jackson Wealth Management LLC now owns 58,760 shares of the company’s stock worth $6,609,000 after acquiring an additional 35,011 shares during the period. Financial Architects LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF during the second quarter worth $467,000. Finally, New Century Financial Group LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF during the second quarter worth $1,106,000.

Invesco S&P 500 Momentum ETF Trading Down 0.6%

Invesco S&P 500 Momentum ETF stock opened at $120.09 on Friday. Invesco S&P 500 Momentum ETF has a twelve month low of $78.25 and a twelve month high of $122.30. The stock’s fifty day simple moving average is $118.03 and its 200-day simple moving average is $107.39. The firm has a market capitalization of $13.13 billion, a P/E ratio of 29.51 and a beta of 0.89.

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.