Maia Wealth LLC lessened its stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 45.2% during the third quarter, Holdings Channel.com reports. The fund owned 16,262 shares of the company’s stock after selling 13,403 shares during the period. Maia Wealth LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $2,465,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPMO. Rosenberg Matthew Hamilton bought a new stake in shares of Invesco S&P 500 Momentum ETF during the 3rd quarter valued at $33,000. Toth Financial Advisory Corp acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the 3rd quarter worth $34,000. Montgomery Financial Services LLC bought a new position in shares of Invesco S&P 500 Momentum ETF in the second quarter worth $46,000. Blue Trust Inc. increased its position in shares of Invesco S&P 500 Momentum ETF by 35.8% in the first quarter. Blue Trust Inc. now owns 353 shares of the company’s stock worth $40,000 after purchasing an additional 93 shares during the period. Finally, Timbuktu Capital Management LLC bought a new position in shares of Invesco S&P 500 Momentum ETF in the second quarter worth $65,000.
Invesco S&P 500 Momentum ETF Stock Up 0.8%
Shares of Invesco S&P 500 Momentum ETF stock opened at $141.99 on Tuesday. The company has a market capitalization of $21.89 billion, a price-to-earnings ratio of 29.51 and a beta of 1.10. Invesco S&P 500 Momentum ETF has a 12-month low of $107.24 and a 12-month high of $162.30. The firm’s 50-day moving average price is $149.13 and its two-hundred day moving average price is $145.42.
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.
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