Invesco S&P 500 Momentum ETF $SPMO Stock: Cypress Wealth Services LLC Decreases Stake

Cypress Wealth Services LLC lowered its stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 83.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,005 shares of the company’s stock after selling 30,038 shares during the period. Cypress Wealth Services LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $919,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in SPMO. Mid American Wealth Advisory Group Inc. raised its position in Invesco S&P 500 Momentum ETF by 23.0% during the third quarter. Mid American Wealth Advisory Group Inc. now owns 9,886 shares of the company’s stock worth $1,499,000 after acquiring an additional 1,848 shares in the last quarter. Smith Shellnut Wilson LLC ADV bought a new position in shares of Invesco S&P 500 Momentum ETF in the 3rd quarter valued at about $1,924,000. AMG Asset Management Group Inc. grew its position in shares of Invesco S&P 500 Momentum ETF by 4.6% in the 3rd quarter. AMG Asset Management Group Inc. now owns 10,605 shares of the company’s stock valued at $1,607,000 after acquiring an additional 463 shares during the period. Axxcess Wealth Management LLC increased its stake in shares of Invesco S&P 500 Momentum ETF by 10.5% during the 3rd quarter. Axxcess Wealth Management LLC now owns 87,410 shares of the company’s stock worth $13,250,000 after purchasing an additional 8,302 shares during the last quarter. Finally, Axos Invest Inc. increased its stake in shares of Invesco S&P 500 Momentum ETF by 8.1% during the 3rd quarter. Axos Invest Inc. now owns 2,233 shares of the company’s stock worth $338,000 after purchasing an additional 168 shares during the last quarter.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of NYSEARCA:SPMO opened at $143.15 on Thursday. Invesco S&P 500 Momentum ETF has a 52-week low of $107.24 and a 52-week high of $162.30. The company has a market capitalization of $22.07 billion, a P/E ratio of 29.51 and a beta of 1.10. The company has a 50-day simple moving average of $148.84 and a 200 day simple moving average of $145.81.

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.