Invesco S&P 500 Momentum ETF $SPMO Stake Cut by Spectrum Planning & Advisory Services Inc.

Spectrum Planning & Advisory Services Inc. decreased its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 77.4% during the third quarter, according to its most recent filing with the SEC. The firm owned 5,378 shares of the company’s stock after selling 18,385 shares during the period. Spectrum Planning & Advisory Services Inc.’s holdings in Invesco S&P 500 Momentum ETF were worth $815,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Rosenberg Matthew Hamilton bought a new stake in Invesco S&P 500 Momentum ETF during the third quarter valued at about $33,000. Toth Financial Advisory Corp bought a new position in shares of Invesco S&P 500 Momentum ETF during the 3rd quarter worth approximately $34,000. Monetary Solutions Ltd purchased a new stake in shares of Invesco S&P 500 Momentum ETF during the 3rd quarter valued at $41,000. Caldwell Trust Co purchased a new stake in shares of Invesco S&P 500 Momentum ETF during the third quarter worth about $42,000. Finally, Montgomery Financial Services LLC purchased a new position in shares of Invesco S&P 500 Momentum ETF in the second quarter worth $46,000.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of SPMO opened at $134.42 on Thursday. Invesco S&P 500 Momentum ETF has a one year low of $107.24 and a one year high of $162.30. The stock has a 50-day moving average of $144.57 and a two-hundred day moving average of $138.28. The stock has a market cap of $21.14 billion, a P/E ratio of 29.51 and a beta of 1.12.

About Invesco S&P 500 Momentum ETF

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.