Invesco S&P 500 Momentum ETF $SPMO Stake Trimmed by Cypress Wealth Services LLC

Cypress Wealth Services LLC cut its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 83.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,005 shares of the company’s stock after selling 30,038 shares during the quarter. Cypress Wealth Services LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $919,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SPMO. Mid American Wealth Advisory Group Inc. boosted its stake in shares of Invesco S&P 500 Momentum ETF by 23.0% in the 3rd quarter. Mid American Wealth Advisory Group Inc. now owns 9,886 shares of the company’s stock valued at $1,499,000 after purchasing an additional 1,848 shares in the last quarter. Smith Shellnut Wilson LLC ADV acquired a new position in Invesco S&P 500 Momentum ETF during the 3rd quarter worth approximately $1,924,000. AMG Asset Management Group Inc. increased its position in Invesco S&P 500 Momentum ETF by 4.6% during the 3rd quarter. AMG Asset Management Group Inc. now owns 10,605 shares of the company’s stock worth $1,607,000 after purchasing an additional 463 shares in the last quarter. Axxcess Wealth Management LLC lifted its stake in Invesco S&P 500 Momentum ETF by 10.5% in the 3rd quarter. Axxcess Wealth Management LLC now owns 87,410 shares of the company’s stock valued at $13,250,000 after purchasing an additional 8,302 shares during the last quarter. Finally, Axos Invest Inc. lifted its stake in Invesco S&P 500 Momentum ETF by 8.1% in the 3rd quarter. Axos Invest Inc. now owns 2,233 shares of the company’s stock valued at $338,000 after purchasing an additional 168 shares during the last quarter.

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’s 50 day moving average price is $148.84 and its two-hundred day moving average price is $145.81. The firm has a market capitalization of $22.07 billion, a P/E 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 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.