Invesco S&P 500 Momentum ETF $SPMO Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. decreased its position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 28.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,125 shares of the company’s stock after selling 19,005 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Invesco S&P 500 Momentum ETF were worth $5,742,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Cullen Frost Bankers Inc. acquired a new position in Invesco S&P 500 Momentum ETF during the 3rd quarter worth about $27,000. Dunhill Financial LLC purchased a new position in Invesco S&P 500 Momentum ETF in the 3rd quarter valued at approximately $33,000. Elevated Capital Advisors LLC purchased a new position in Invesco S&P 500 Momentum ETF in the 4th quarter valued at approximately $33,000. Dogwood Wealth Management LLC purchased a new position in Invesco S&P 500 Momentum ETF in the 4th quarter valued at approximately $44,000. Finally, MAI Capital Management purchased a new position in Invesco S&P 500 Momentum ETF in the 3rd quarter valued at approximately $50,000.

Invesco S&P 500 Momentum ETF Stock Up 1.9%

Shares of SPMO stock opened at $143.31 on Thursday. Invesco S&P 500 Momentum ETF has a 52 week low of $101.80 and a 52 week high of $147.87. The stock has a market capitalization of $17.47 billion, a PE ratio of 29.51 and a beta of 1.09. The firm has a 50 day moving average of $126.02 and a two-hundred day moving average of $121.67.

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.