Invesco S&P 500 Momentum ETF $SPMO Position Trimmed by WJ Wealth Management LLC

WJ Wealth Management LLC decreased its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 8.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 71,670 shares of the company’s stock after selling 6,572 shares during the period. Invesco S&P 500 Momentum ETF comprises 3.7% of WJ Wealth Management LLC’s portfolio, making the stock its 8th largest holding. WJ Wealth Management LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $8,722,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Capstone Wealth Management Group LLC boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 129.4% during the first quarter. Capstone Wealth Management Group LLC now owns 116,148 shares of the company’s stock worth $10,747,000 after purchasing an additional 65,515 shares during the period. Goldman Sachs Group Inc. acquired a new position in Invesco S&P 500 Momentum ETF in the 1st quarter valued at approximately $18,900,000. Jane Street Group LLC lifted its position in Invesco S&P 500 Momentum ETF by 346.5% in the 1st quarter. Jane Street Group LLC now owns 40,389 shares of the company’s stock worth $3,737,000 after buying an additional 31,344 shares in the last quarter. Bank of Montreal Can lifted its position in Invesco S&P 500 Momentum ETF by 93.2% in the 2nd quarter. Bank of Montreal Can now owns 2,865 shares of the company’s stock worth $322,000 after buying an additional 1,382 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Invesco S&P 500 Momentum ETF by 6.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,210 shares of the company’s stock valued at $249,000 after buying an additional 128 shares during the period.

Invesco S&P 500 Momentum ETF Price Performance

Invesco S&P 500 Momentum ETF stock opened at $117.35 on Wednesday. The company’s fifty day simple moving average is $119.08 and its 200-day simple moving average is $119.56. Invesco S&P 500 Momentum ETF has a 12 month low of $78.25 and a 12 month high of $124.56. The stock has a market cap of $13.32 billion, a P/E ratio of 29.51 and a beta of 0.98.

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.