Goldstein Advisors LLC Decreases Stock Holdings in Invesco S&P 500 Momentum ETF $SPMO

Goldstein Advisors LLC trimmed its position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 1.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 106,381 shares of the company’s stock after selling 1,792 shares during the period. Invesco S&P 500 Momentum ETF makes up approximately 1.6% of Goldstein Advisors LLC’s holdings, making the stock its 16th biggest holding. Goldstein Advisors LLC owned approximately 0.12% of Invesco S&P 500 Momentum ETF worth $11,965,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Sowell Financial Services LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF during the 1st quarter worth approximately $202,000. Triad Wealth Partners LLC raised its holdings in shares of Invesco S&P 500 Momentum ETF by 22.3% during the 2nd quarter. Triad Wealth Partners LLC now owns 46,710 shares of the company’s stock worth $5,254,000 after acquiring an additional 8,503 shares in the last quarter. WJ Wealth Management LLC raised its holdings in shares of Invesco S&P 500 Momentum ETF by 54.8% during the 1st quarter. WJ Wealth Management LLC now owns 88,679 shares of the company’s stock worth $8,205,000 after acquiring an additional 31,407 shares in the last quarter. Stephens Inc. AR purchased a new stake in shares of Invesco S&P 500 Momentum ETF during the 1st quarter worth approximately $400,000. Finally, Sharkey Howes & Javer purchased a new position in shares of Invesco S&P 500 Momentum ETF in the 2nd quarter worth approximately $497,000.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of Invesco S&P 500 Momentum ETF stock opened at $120.42 on Friday. The stock has a market cap of $13.04 billion, a price-to-earnings ratio of 29.51 and a beta of 0.89. The stock has a 50 day moving average price of $119.07 and a 200-day moving average price of $109.21. Invesco S&P 500 Momentum ETF has a one year low of $78.25 and a one year high of $122.63.

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.