SigFig Wealth Management LLC Reduces Holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

SigFig Wealth Management LLC lessened its position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 31.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 56,404 shares of the company’s stock after selling 25,324 shares during the period. SigFig Wealth Management LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $5,387,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in SPMO. Mainstay Capital Management LLC ADV lifted its position in shares of Invesco S&P 500 Momentum ETF by 374.5% during the 4th quarter. Mainstay Capital Management LLC ADV now owns 1,216,892 shares of the company’s stock valued at $115,617,000 after buying an additional 960,418 shares during the last quarter. World Investment Advisors LLC lifted its position in shares of Invesco S&P 500 Momentum ETF by 1,416.7% during the 3rd quarter. World Investment Advisors LLC now owns 300,875 shares of the company’s stock valued at $27,271,000 after buying an additional 281,038 shares during the last quarter. Austin Private Wealth LLC purchased a new stake in Invesco S&P 500 Momentum ETF during the 4th quarter worth about $14,567,000. Raymond James Financial Inc. purchased a new stake in Invesco S&P 500 Momentum ETF during the 4th quarter worth about $14,373,000. Finally, Fortis Group Advisors LLC lifted its holdings in Invesco S&P 500 Momentum ETF by 93.7% during the 4th quarter. Fortis Group Advisors LLC now owns 288,988 shares of the company’s stock worth $27,457,000 after purchasing an additional 139,785 shares in the last quarter.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of SPMO opened at $94.38 on Friday. The stock’s 50-day simple moving average is $98.56 and its 200 day simple moving average is $95.30. The stock has a market capitalization of $5.25 billion, a price-to-earnings ratio of 24.89 and a beta of 0.93. Invesco S&P 500 Momentum ETF has a 52-week low of $74.40 and a 52-week high of $103.44.

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.