Stonebrook Private Inc. reduced its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 8.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 47,367 shares of the company’s stock after selling 4,372 shares during the period. Invesco S&P 500 Momentum ETF accounts for approximately 1.2% of Stonebrook Private Inc.’s investment portfolio, making the stock its 18th biggest holding. Stonebrook Private Inc. owned approximately 0.05% of Invesco S&P 500 Momentum ETF worth $5,327,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in the business. WealthShield Partners LLC increased its stake in shares of Invesco S&P 500 Momentum ETF by 51.2% in the 1st quarter. WealthShield Partners LLC now owns 307 shares of the company’s stock valued at $28,000 after acquiring an additional 104 shares in the last quarter. GHP Investment Advisors Inc. grew its holdings in Invesco S&P 500 Momentum ETF by 99.2% in the second quarter. GHP Investment Advisors Inc. now owns 265 shares of the company’s stock worth $30,000 after purchasing an additional 132 shares during the period. Mark Sheptoff Financial Planning LLC bought a new stake in Invesco S&P 500 Momentum ETF in the second quarter valued at $31,000. Rossby Financial LCC raised its holdings in shares of Invesco S&P 500 Momentum ETF by 237.8% during the second quarter. Rossby Financial LCC now owns 304 shares of the company’s stock valued at $34,000 after purchasing an additional 214 shares during the period. Finally, Tradewinds Capital Management LLC boosted its position in shares of Invesco S&P 500 Momentum ETF by 342.5% during the 2nd quarter. Tradewinds Capital Management LLC now owns 354 shares of the company’s stock worth $40,000 after purchasing an additional 274 shares in the last quarter.
Invesco S&P 500 Momentum ETF Price Performance
Shares of SPMO opened at $115.84 on Wednesday. The stock has a 50-day moving average of $120.51 and a 200-day moving average of $114.19. The company has a market cap of $12.66 billion, a PE ratio of 29.51 and a beta of 0.98. Invesco S&P 500 Momentum ETF has a one year low of $78.25 and a one year high of $124.56.
Invesco S&P 500 Momentum ETF Company 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.
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