Investment Insight Wealth Management LLC reduced its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 26.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,108 shares of the company’s stock after selling 5,441 shares during the period. Invesco S&P 500 Momentum ETF makes up about 1.9% of Investment Insight Wealth Management LLC’s holdings, making the stock its 12th largest holding. Investment Insight Wealth Management LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $2,290,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently made changes to their positions in the stock. Vantagepoint Investment Advisers LLC bought a new stake in shares of Invesco S&P 500 Momentum ETF during the 3rd quarter valued at $353,565,000. Envestnet Asset Management Inc. lifted its holdings in Invesco S&P 500 Momentum ETF by 9.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,479,343 shares of the company’s stock worth $238,973,000 after purchasing an additional 128,087 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in Invesco S&P 500 Momentum ETF in the 3rd quarter worth about $119,358,000. Planning Alternatives Ltd. ADV boosted its stake in 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 worth $83,456,000 after purchasing an additional 138,915 shares during the period. Finally, Redwood Investment Management LLC boosted its stake in 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 worth $73,574,000 after purchasing an additional 33,157 shares during the period.
Invesco S&P 500 Momentum ETF Stock Up 0.5%
SPMO stock opened at $133.16 on Wednesday. The firm has a market capitalization of $20.88 billion, a PE ratio of 29.51 and a beta of 1.12. Invesco S&P 500 Momentum ETF has a twelve month low of $107.24 and a twelve month high of $162.30. The stock has a 50-day simple moving average of $146.77 and a two-hundred day simple moving average of $137.97.
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.
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