World Investment Advisors Sells 5,951 Shares of Invesco S&P 500 Momentum ETF $SPMO

World Investment Advisors trimmed its stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 9.6% in the first quarter, HoldingsChannel.com reports. The fund owned 55,992 shares of the company’s stock after selling 5,951 shares during the quarter. World Investment Advisors’ holdings in Invesco S&P 500 Momentum ETF were worth $6,277,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Elevated Capital Advisors LLC bought a new position in shares of Invesco S&P 500 Momentum ETF in the fourth quarter worth $33,000. Blue Trust Inc. lifted its position in Invesco S&P 500 Momentum ETF by 35.8% during the first quarter. Blue Trust Inc. now owns 353 shares of the company’s stock worth $40,000 after purchasing an additional 93 shares during the period. Dogwood Wealth Management LLC acquired a new stake in Invesco S&P 500 Momentum ETF during the fourth quarter worth about $44,000. MAI Capital Management acquired a new stake in Invesco S&P 500 Momentum ETF during the third quarter worth about $50,000. Finally, Networth Advisors LLC bought a new position in Invesco S&P 500 Momentum ETF in the 1st quarter valued at about $48,000.

Invesco S&P 500 Momentum ETF Price Performance

SPMO stock opened at $150.83 on Friday. The company’s 50-day moving average price is $147.74 and its two-hundred day moving average price is $129.17. The firm has a market cap of $21.22 billion, a P/E ratio of 29.51 and a beta of 1.09. Invesco S&P 500 Momentum ETF has a 12 month low of $107.24 and a 12 month high of $162.30.

Invesco S&P 500 Momentum ETF 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.