Redhawk Wealth Advisors Inc. Trims Stock Position in Invesco S&P 500 Momentum ETF $SPMO

Redhawk Wealth Advisors Inc. trimmed its position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 76.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 100,162 shares of the company’s stock after selling 316,930 shares during the period. Invesco S&P 500 Momentum ETF accounts for about 1.3% of Redhawk Wealth Advisors Inc.’s portfolio, making the stock its 15th largest position. Redhawk Wealth Advisors Inc.’s holdings in Invesco S&P 500 Momentum ETF were worth $11,951,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Cullen Frost Bankers Inc. acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the 3rd quarter worth approximately $27,000. Schroder Investment Management Group purchased a new stake in shares of Invesco S&P 500 Momentum ETF during the 2nd quarter valued at approximately $26,000. Blue Trust Inc. acquired a new position in Invesco S&P 500 Momentum ETF in the third quarter valued at approximately $31,000. Dunhill Financial LLC acquired a new position in Invesco S&P 500 Momentum ETF in the third quarter valued at approximately $33,000. Finally, Salomon & Ludwin LLC grew its position in Invesco S&P 500 Momentum ETF by 117.9% in the third quarter. Salomon & Ludwin LLC now owns 305 shares of the company’s stock worth $37,000 after acquiring an additional 165 shares during the period.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of Invesco S&P 500 Momentum ETF stock opened at $110.31 on Friday. The stock has a 50 day moving average of $118.15 and a 200 day moving average of $119.38. The firm has a market capitalization of $12.52 billion, a price-to-earnings ratio of 29.51 and a beta of 0.98. Invesco S&P 500 Momentum ETF has a fifty-two week low of $78.25 and a fifty-two week high of $124.56.

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.