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

Envestnet Portfolio Solutions Inc. cut its stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 28.3% in the fourth quarter, HoldingsChannel.com reports. 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 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cullen Frost Bankers Inc. acquired a new position in shares of Invesco S&P 500 Momentum ETF during the third quarter worth about $27,000. Dunhill Financial LLC purchased a new position in Invesco S&P 500 Momentum ETF in the third quarter valued at $33,000. Elevated Capital Advisors LLC purchased a new position in Invesco S&P 500 Momentum ETF in the fourth quarter valued at $33,000. Dogwood Wealth Management LLC purchased a new position in Invesco S&P 500 Momentum ETF in the fourth quarter valued at $44,000. Finally, MAI Capital Management purchased a new position in Invesco S&P 500 Momentum ETF in the third quarter valued at $50,000.

Invesco S&P 500 Momentum ETF Price Performance

NYSEARCA:SPMO opened at $143.31 on Thursday. The firm has a market capitalization of $17.47 billion, a PE ratio of 29.51 and a beta of 1.09. The business’s fifty day moving average price is $126.02 and its 200 day moving average price is $121.67. Invesco S&P 500 Momentum ETF has a 12 month low of $101.80 and a 12 month high of $147.87.

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.