Invesco S&P 500 Momentum ETF $SPMO Shares Sold by Simplicity Wealth LLC

Simplicity Wealth LLC cut its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 54.2% in the third quarter, HoldingsChannel reports. The firm owned 5,918 shares of the company’s stock after selling 6,997 shares during the quarter. Simplicity Wealth LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $897,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Sowell Financial Services LLC acquired a new stake in Invesco S&P 500 Momentum ETF in the 3rd quarter valued at about $510,000. Bull Oak Capital LLC grew its position in shares of Invesco S&P 500 Momentum ETF by 4.3% during the third quarter. Bull Oak Capital LLC now owns 197,101 shares of the company’s stock worth $29,877,000 after buying an additional 8,097 shares in the last quarter. Denver PWM LLC increased its stake in shares of Invesco S&P 500 Momentum ETF by 0.6% during the third quarter. Denver PWM LLC now owns 16,839 shares of the company’s stock worth $2,552,000 after buying an additional 106 shares during the period. Monetary Solutions Ltd purchased a new stake in shares of Invesco S&P 500 Momentum ETF during the third quarter worth approximately $41,000. Finally, Sharkey Howes & Javer purchased a new stake in shares of Invesco S&P 500 Momentum ETF during the third quarter worth approximately $3,419,000.

Invesco S&P 500 Momentum ETF Stock Up 1.4%

Shares of NYSEARCA:SPMO opened at $142.58 on Wednesday. The firm’s 50 day moving average price is $147.83 and its 200 day moving average price is $137.51. The stock 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 fifty-two week low of $107.24 and a fifty-two week 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.