Invesco S&P 500 Momentum ETF $SPMO Stock: Spectrum Planning & Advisory Services Inc. Lowers Position

Spectrum Planning & Advisory Services Inc. cut its stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 77.4% in the third quarter, HoldingsChannel.com reports. The fund owned 5,378 shares of the company’s stock after selling 18,385 shares during the period. Spectrum Planning & Advisory Services Inc.’s holdings in Invesco S&P 500 Momentum ETF were worth $815,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in SPMO. Capstone Wealth Management Group LLC purchased a new position in shares of Invesco S&P 500 Momentum ETF in the third quarter worth about $21,380,000. Moneco Advisors LLC grew its holdings in Invesco S&P 500 Momentum ETF by 7.6% in the 3rd quarter. Moneco Advisors LLC now owns 6,765 shares of the company’s stock valued at $1,025,000 after buying an additional 475 shares in the last quarter. Lido Advisors LLC purchased a new stake in Invesco S&P 500 Momentum ETF in the 3rd quarter valued at $309,000. Elevated Capital Advisors LLC increased its stake in shares of Invesco S&P 500 Momentum ETF by 54.0% in the 3rd quarter. Elevated Capital Advisors LLC now owns 1,655 shares of the company’s stock worth $251,000 after acquiring an additional 580 shares during the last quarter. Finally, Cornerstone Wealth Management LLC increased its stake in shares of Invesco S&P 500 Momentum ETF by 5.8% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 46,065 shares of the company’s stock worth $6,983,000 after acquiring an additional 2,535 shares during the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

Shares of SPMO stock opened at $134.42 on Thursday. The company has a market capitalization of $21.14 billion, a PE ratio of 29.51 and a beta of 1.12. The firm’s 50-day moving average is $144.57 and its two-hundred day moving average is $138.28. 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 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.