Northwest Capital Management Inc reduced its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 56.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,495 shares of the company’s stock after selling 8,358 shares during the period. Northwest Capital Management Inc’s holdings in Invesco S&P 500 Momentum ETF were worth $730,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of SPMO. Envestnet Asset Management Inc. lifted its position in Invesco S&P 500 Momentum ETF by 41.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 6,014,557 shares of the company’s stock valued at $556,527,000 after acquiring an additional 1,770,226 shares during the period. LPL Financial LLC lifted its position in Invesco S&P 500 Momentum ETF by 64.3% during the 1st quarter. LPL Financial LLC now owns 3,579,241 shares of the company’s stock valued at $331,187,000 after acquiring an additional 1,400,512 shares during the period. Mainstay Capital Management LLC ADV lifted its position in Invesco S&P 500 Momentum ETF by 111.9% during the 2nd quarter. Mainstay Capital Management LLC ADV now owns 2,628,653 shares of the company’s stock valued at $295,645,000 after acquiring an additional 1,388,287 shares during the period. CWM LLC lifted its position in Invesco S&P 500 Momentum ETF by 87.2% during the 2nd quarter. CWM LLC now owns 2,458,025 shares of the company’s stock valued at $276,454,000 after acquiring an additional 1,144,827 shares during the period. Finally, Alpine Bank Wealth Management purchased a new position in Invesco S&P 500 Momentum ETF in the first quarter worth about $56,345,000.
Invesco S&P 500 Momentum ETF Stock Performance
Shares of Invesco S&P 500 Momentum ETF stock opened at $121.17 on Tuesday. The stock has a market capitalization of $13.21 billion, a PE ratio of 29.51 and a beta of 0.89. Invesco S&P 500 Momentum ETF has a 52-week low of $78.25 and a 52-week high of $122.53. The company has a 50-day simple moving average of $118.71 and a two-hundred day simple moving average of $108.56.
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.
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