Invesco S&P 500 Momentum ETF $SPMO Shares Sold by Iams Wealth Management LLC

Iams Wealth Management LLC reduced its position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 45.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 12,194 shares of the company’s stock after selling 10,133 shares during the quarter. Iams Wealth Management LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $1,848,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Envestnet Asset Management Inc. boosted its holdings in 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 purchasing an additional 128,087 shares during the last quarter. Planning Alternatives Ltd. ADV grew its stake in shares of Invesco S&P 500 Momentum ETF by 22.9% in the 1st quarter. Planning Alternatives Ltd. ADV now owns 744,409 shares of the company’s stock valued at $83,456,000 after buying an additional 138,915 shares during the period. Redwood Investment Management LLC grew its stake in shares of Invesco S&P 500 Momentum ETF by 5.3% in the 1st quarter. Redwood Investment Management LLC now owns 656,268 shares of the company’s stock valued at $73,574,000 after buying an additional 33,157 shares during the period. Private Advisor Group LLC increased its holdings in shares of Invesco S&P 500 Momentum ETF by 6.8% during the 1st quarter. Private Advisor Group LLC now owns 562,480 shares of the company’s stock worth $63,060,000 after buying an additional 35,630 shares during the last quarter. Finally, RVW Wealth LLC increased its holdings in shares of Invesco S&P 500 Momentum ETF by 4.9% during the 2nd quarter. RVW Wealth LLC now owns 259,247 shares of the company’s stock worth $41,879,000 after buying an additional 12,038 shares during the last quarter.

Invesco S&P 500 Momentum ETF Stock Performance

SPMO stock opened at $144.18 on Friday. The firm has a market cap of $22.23 billion, a PE ratio of 29.51 and a beta of 1.10. The firm’s 50 day moving average price is $149.44 and its 200-day moving average price is $144.98. Invesco S&P 500 Momentum ETF has a one year low of $107.24 and a one year high of $162.30.

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.