Invesco S&P 500 Momentum ETF $SPMO Shares Sold by Watershed Private Wealth LLC

Watershed Private Wealth LLC lessened its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 3.8% in the second quarter, according to its most recent filing with the SEC. The firm owned 31,278 shares of the company’s stock after selling 1,229 shares during the quarter. Invesco S&P 500 Momentum ETF comprises approximately 1.3% of Watershed Private Wealth LLC’s holdings, making the stock its 18th largest position. Watershed Private Wealth LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $3,518,000 as of its most recent SEC filing.

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

Invesco S&P 500 Momentum ETF Price Performance

SPMO opened at $120.47 on Wednesday. The company has a market capitalization of $13.23 billion, a price-to-earnings ratio of 29.51 and a beta of 0.89. The business has a 50 day moving average price of $118.25 and a two-hundred day moving average price of $107.76. Invesco S&P 500 Momentum ETF has a 1-year low of $78.25 and a 1-year high of $122.30.

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.