World Investment Advisors lowered its stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 17.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 61,943 shares of the company’s stock after selling 12,866 shares during the quarter. World Investment Advisors’ holdings in Invesco S&P 500 Momentum ETF were worth $7,085,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Lantern Wealth Advisors LLC raised its position in shares of Invesco S&P 500 Momentum ETF by 3.5% during the 3rd quarter. Lantern Wealth Advisors LLC now owns 2,634 shares of the company’s stock valued at $319,000 after buying an additional 88 shares in the last quarter. Caliber Wealth Management LLC KS raised its position in shares of Invesco S&P 500 Momentum ETF by 4.9% during the 3rd quarter. Caliber Wealth Management LLC KS now owns 1,945 shares of the company’s stock valued at $235,000 after buying an additional 90 shares in the last quarter. LexAurum Advisors LLC raised its position in shares of Invesco S&P 500 Momentum ETF by 4.3% during the 3rd quarter. LexAurum Advisors LLC now owns 2,225 shares of the company’s stock valued at $269,000 after buying an additional 92 shares in the last quarter. GK Wealth Management LLC grew its holdings in shares of Invesco S&P 500 Momentum ETF by 4.1% during the 3rd quarter. GK Wealth Management LLC now owns 2,497 shares of the company’s stock valued at $302,000 after purchasing an additional 99 shares during the last quarter. Finally, Fourth Dimension Wealth LLC grew its holdings in shares of Invesco S&P 500 Momentum ETF by 25.0% during the 3rd quarter. Fourth Dimension Wealth LLC now owns 500 shares of the company’s stock valued at $61,000 after purchasing an additional 100 shares during the last quarter.
Invesco S&P 500 Momentum ETF Stock Performance
SPMO stock opened at $146.29 on Thursday. The firm has a market cap of $17.84 billion, a P/E ratio of 29.51 and a beta of 1.09. Invesco S&P 500 Momentum ETF has a 52 week low of $101.80 and a 52 week high of $146.88. The firm’s fifty day moving average is $123.63 and its 200 day moving average is $120.95.
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.
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