Detalus Advisors LLC Sells 1,428 Shares of Invesco S&P 500 Momentum ETF $SPMO

Detalus Advisors LLC trimmed its position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 3.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 41,202 shares of the company’s stock after selling 1,428 shares during the quarter. Invesco S&P 500 Momentum ETF makes up approximately 1.3% of Detalus Advisors LLC’s holdings, making the stock its 16th largest position. Detalus Advisors LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $4,634,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Kingswood Wealth Advisors LLC boosted its position in Invesco S&P 500 Momentum ETF by 91.4% during the 2nd quarter. Kingswood Wealth Advisors LLC now owns 27,545 shares of the company’s stock valued at $3,098,000 after acquiring an additional 13,151 shares in the last quarter. SteelPeak Wealth LLC boosted its position in shares of Invesco S&P 500 Momentum ETF by 234.4% during the second quarter. SteelPeak Wealth LLC now owns 11,706 shares of the company’s stock valued at $1,317,000 after purchasing an additional 8,205 shares in the last quarter. Duncan Williams Asset Management LLC bought a new stake in shares of Invesco S&P 500 Momentum ETF during the second quarter valued at approximately $1,391,000. CPR Investments Inc. bought a new stake in shares of Invesco S&P 500 Momentum ETF during the second quarter valued at approximately $577,000. Finally, Merit Financial Group LLC boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 9.5% during the 2nd quarter. Merit Financial Group LLC now owns 32,290 shares of the company’s stock valued at $3,632,000 after buying an additional 2,814 shares in the last quarter.

Invesco S&P 500 Momentum ETF Trading Up 0.0%

Shares of SPMO stock opened at $120.47 on Wednesday. Invesco S&P 500 Momentum ETF has a 12 month low of $78.25 and a 12 month high of $122.30. The stock has a market cap of $13.23 billion, a PE ratio of 29.51 and a beta of 0.89. The company’s fifty day moving average price is $118.25 and its 200-day moving average price is $107.76.

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.