Belpointe Asset Management LLC Has $1.45 Million Stock Holdings in Invesco S&P 500 Momentum ETF $SPMO

Belpointe Asset Management LLC lessened its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 9.5% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 12,908 shares of the company’s stock after selling 1,357 shares during the period. Belpointe Asset Management LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $1,452,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Envestnet Asset Management Inc. lifted its position in shares of Invesco S&P 500 Momentum ETF by 41.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 6,014,557 shares of the company’s stock worth $556,527,000 after purchasing an additional 1,770,226 shares during the last quarter. LPL Financial LLC lifted its position in shares of Invesco S&P 500 Momentum ETF by 64.3% during the 1st quarter. LPL Financial LLC now owns 3,579,241 shares of the company’s stock worth $331,187,000 after purchasing an additional 1,400,512 shares during the last quarter. Clark Capital Management Group Inc. lifted its position in shares of Invesco S&P 500 Momentum ETF by 35.4% during the 1st quarter. Clark Capital Management Group Inc. now owns 1,683,208 shares of the company’s stock worth $155,747,000 after purchasing an additional 440,005 shares during the last quarter. CWM LLC lifted its position in shares of Invesco S&P 500 Momentum ETF by 201.9% during the 1st quarter. CWM LLC now owns 1,313,198 shares of the company’s stock worth $121,510,000 after purchasing an additional 878,259 shares during the last quarter. Finally, Mainstay Capital Management LLC ADV lifted its position in shares of Invesco S&P 500 Momentum ETF by 1.9% during the 1st quarter. Mainstay Capital Management LLC ADV now owns 1,240,366 shares of the company’s stock worth $114,771,000 after purchasing an additional 23,474 shares during the last quarter.

Invesco S&P 500 Momentum ETF Stock Performance

NYSEARCA SPMO opened at $120.47 on Wednesday. Invesco S&P 500 Momentum ETF has a twelve month low of $78.25 and a twelve month high of $122.30. The stock has a market capitalization of $13.23 billion, a PE ratio of 29.51 and a beta of 0.89. The stock has a 50-day simple moving average of $118.25 and a 200 day simple moving average of $107.76.

Invesco S&P 500 Momentum ETF Profile

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.