Goldstein Advisors LLC Sells 138,304 Shares of Invesco S&P 500 Momentum ETF $SPMO

Goldstein Advisors LLC trimmed its position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 97.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,272 shares of the company’s stock after selling 138,304 shares during the quarter. Goldstein Advisors LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $496,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Envestnet Asset Management Inc. increased its position in shares of Invesco S&P 500 Momentum ETF by 9.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,479,343 shares of the company’s stock valued at $238,973,000 after buying an additional 128,087 shares in the last quarter. Planning Alternatives Ltd. ADV raised its stake in Invesco S&P 500 Momentum ETF by 22.9% during the 1st quarter. Planning Alternatives Ltd. ADV now owns 744,409 shares of the company’s stock worth $83,456,000 after buying an additional 138,915 shares during the period. Redwood Investment Management LLC lifted its holdings in Invesco S&P 500 Momentum ETF by 5.3% during the first quarter. Redwood Investment Management LLC now owns 656,268 shares of the company’s stock worth $73,574,000 after acquiring an additional 33,157 shares in the last quarter. Private Advisor Group LLC lifted its holdings in Invesco S&P 500 Momentum ETF by 6.8% during the first quarter. Private Advisor Group LLC now owns 562,480 shares of the company’s stock worth $63,060,000 after acquiring an additional 35,630 shares in the last quarter. Finally, Sanctuary Advisors LLC lifted its holdings in Invesco S&P 500 Momentum ETF by 3.3% during the first quarter. Sanctuary Advisors LLC now owns 288,988 shares of the company’s stock worth $32,398,000 after acquiring an additional 9,187 shares in the last quarter.

Invesco S&P 500 Momentum ETF Trading Down 0.7%

NYSEARCA:SPMO opened at $144.18 on Friday. Invesco S&P 500 Momentum ETF has a 1 year low of $107.24 and a 1 year high of $162.30. The stock has a market cap of $22.23 billion, a price-to-earnings ratio of 29.51 and a beta of 1.10. The stock has a 50-day moving average price of $149.44 and a two-hundred day moving average price of $144.98.

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.