Castleview Partners LLC Sells 3,709 Shares of Invesco S&P 500 Momentum ETF $SPMO

Castleview Partners LLC reduced its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 61.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 2,360 shares of the company’s stock after selling 3,709 shares during the quarter. Castleview Partners LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $358,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in SPMO. Envestnet Asset Management Inc. raised its stake 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 acquiring an additional 128,087 shares during the period. Planning Alternatives Ltd. ADV boosted its position in Invesco S&P 500 Momentum ETF by 22.9% during the first quarter. Planning Alternatives Ltd. ADV now owns 744,409 shares of the company’s stock worth $83,456,000 after purchasing an additional 138,915 shares during the period. Redwood Investment Management LLC boosted its position 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 purchasing an additional 33,157 shares during the period. MML Investors Services LLC increased its holdings in shares of Invesco S&P 500 Momentum ETF by 1.2% in the fourth quarter. MML Investors Services LLC now owns 567,000 shares of the company’s stock valued at $67,654,000 after purchasing an additional 6,640 shares during the last quarter. Finally, Private Advisor Group LLC increased its holdings in shares of Invesco S&P 500 Momentum ETF by 6.8% in the first quarter. Private Advisor Group LLC now owns 562,480 shares of the company’s stock valued at $63,060,000 after purchasing an additional 35,630 shares during the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

Shares of SPMO opened at $151.16 on Friday. The company’s 50-day moving average is $149.63 and its 200-day moving average is $143.82. The firm has a market capitalization of $23.09 billion, a PE ratio of 29.51 and a beta of 1.10. Invesco S&P 500 Momentum ETF has a fifty-two week low of $107.24 and a fifty-two week 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.