Physician Wealth Advisors Inc. Sells 79,067 Shares of Invesco S&P 500 Momentum ETF $SPMO

Physician Wealth Advisors Inc. trimmed its position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 98.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 1,257 shares of the company’s stock after selling 79,067 shares during the period. Physician Wealth Advisors Inc.’s holdings in Invesco S&P 500 Momentum ETF were worth $191,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Integrated Advisors Network LLC lifted its position in Invesco S&P 500 Momentum ETF by 54.8% during the third quarter. Integrated Advisors Network LLC now owns 12,524 shares of the company’s stock valued at $1,898,000 after buying an additional 4,434 shares during the period. Revisor Wealth Management LLC boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 7.0% during the 3rd quarter. Revisor Wealth Management LLC now owns 2,077 shares of the company’s stock valued at $302,000 after buying an additional 136 shares in the last quarter. Prime Capital Investment Advisors LLC grew its position in shares of Invesco S&P 500 Momentum ETF by 191.7% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 16,214 shares of the company’s stock worth $2,458,000 after buying an additional 10,656 shares during the period. Stewardship Advisors LLC grew its position in shares of Invesco S&P 500 Momentum ETF by 8.3% in the 3rd quarter. Stewardship Advisors LLC now owns 1,639 shares of the company’s stock worth $248,000 after buying an additional 126 shares during the period. Finally, Eagle Wealth Advisors LLC grew its position in shares of Invesco S&P 500 Momentum ETF by 85.8% in the 3rd quarter. Eagle Wealth Advisors LLC now owns 5,644 shares of the company’s stock worth $856,000 after buying an additional 2,606 shares during the period.

Invesco S&P 500 Momentum ETF Price Performance

Shares of Invesco S&P 500 Momentum ETF stock opened at $143.15 on Thursday. The company has a 50-day moving average of $148.84 and a 200 day moving average of $145.81. The firm has a market cap of $22.07 billion, a price-to-earnings ratio of 29.51 and a beta of 1.10. Invesco S&P 500 Momentum ETF has a 1 year low of $107.24 and a 1 year high of $162.30.

Invesco S&P 500 Momentum ETF Company 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.