Foundations Investment Advisors LLC Sells 16,332 Shares of Invesco S&P 500 Momentum ETF $SPMO

Foundations Investment Advisors LLC lowered its position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 43.7% in the fourth quarter, HoldingsChannel reports. The firm owned 21,011 shares of the company’s stock after selling 16,332 shares during the period. Foundations Investment Advisors LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $2,507,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in SPMO. Lantern Wealth Advisors LLC grew its stake in Invesco S&P 500 Momentum ETF by 3.5% during the third quarter. Lantern Wealth Advisors LLC now owns 2,634 shares of the company’s stock worth $319,000 after buying an additional 88 shares during the last quarter. Caliber Wealth Management LLC KS raised its stake in shares of Invesco S&P 500 Momentum ETF by 4.9% in the third quarter. Caliber Wealth Management LLC KS now owns 1,945 shares of the company’s stock valued at $235,000 after acquiring an additional 90 shares during the last quarter. LexAurum Advisors LLC boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 4.3% in the 3rd quarter. LexAurum Advisors LLC now owns 2,225 shares of the company’s stock worth $269,000 after acquiring an additional 92 shares in the last quarter. GK Wealth Management LLC boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 4.1% in the 3rd quarter. GK Wealth Management LLC now owns 2,497 shares of the company’s stock worth $302,000 after acquiring an additional 99 shares in the last quarter. Finally, Fourth Dimension Wealth LLC grew its position in Invesco S&P 500 Momentum ETF by 25.0% during the 3rd quarter. Fourth Dimension Wealth LLC now owns 500 shares of the company’s stock worth $61,000 after acquiring an additional 100 shares during the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

SPMO stock opened at $150.59 on Friday. The business has a fifty day moving average price of $130.28 and a 200 day moving average price of $123.02. Invesco S&P 500 Momentum ETF has a fifty-two week low of $103.99 and a fifty-two week high of $151.91. The stock has a market capitalization of $18.36 billion, a price-to-earnings ratio of 29.51 and a beta of 1.09.

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.