Envestnet Portfolio Solutions Inc. Has $10.24 Million Position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Envestnet Portfolio Solutions Inc. lowered its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 20.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 107,731 shares of the company’s stock after selling 27,477 shares during the quarter. Envestnet Portfolio Solutions Inc. owned about 0.67% of Invesco S&P 500 Momentum ETF worth $10,236,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. LPL Financial LLC boosted its stake in Invesco S&P 500 Momentum ETF by 10.0% in the third quarter. LPL Financial LLC now owns 1,242,778 shares of the company’s stock worth $112,645,000 after purchasing an additional 113,439 shares in the last quarter. Mainstay Capital Management LLC ADV lifted its stake in shares of Invesco S&P 500 Momentum ETF by 374.5% during the fourth quarter. Mainstay Capital Management LLC ADV now owns 1,216,892 shares of the company’s stock valued at $115,617,000 after acquiring an additional 960,418 shares during the period. Money Concepts Capital Corp lifted its stake in shares of Invesco S&P 500 Momentum ETF by 9.1% during the fourth quarter. Money Concepts Capital Corp now owns 611,529 shares of the company’s stock valued at $58,101,000 after acquiring an additional 50,980 shares during the period. Trilogy Capital Inc. lifted its stake in shares of Invesco S&P 500 Momentum ETF by 1.6% during the fourth quarter. Trilogy Capital Inc. now owns 421,901 shares of the company’s stock valued at $40,085,000 after acquiring an additional 6,523 shares during the period. Finally, One Capital Management LLC lifted its stake in shares of Invesco S&P 500 Momentum ETF by 19.6% during the fourth quarter. One Capital Management LLC now owns 380,906 shares of the company’s stock valued at $36,190,000 after acquiring an additional 62,306 shares during the period.

Invesco S&P 500 Momentum ETF Stock Up 2.3 %

Shares of SPMO opened at $93.86 on Monday. Invesco S&P 500 Momentum ETF has a 12-month low of $74.40 and a 12-month high of $103.44. The firm has a market capitalization of $5.23 billion, a PE ratio of 24.89 and a beta of 0.93. The stock’s fifty day simple moving average is $98.77 and its 200-day simple moving average is $95.23.

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.