79,067 Invesco S&P 500 Momentum ETF $SPMO Shares Sold by Physician Wealth Advisors Inc.

Physician Wealth Advisors Inc. cut its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 98.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,257 shares of the company’s stock after selling 79,067 shares during the quarter. Physician Wealth Advisors Inc.’s holdings in Invesco S&P 500 Momentum ETF were worth $191,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Envestnet Asset Management Inc. boosted its stake in shares of Invesco S&P 500 Momentum ETF by 9.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,479,343 shares of the company’s stock valued at $238,973,000 after purchasing an additional 128,087 shares in the last quarter. Planning Alternatives Ltd. ADV increased its position in shares of Invesco S&P 500 Momentum ETF by 22.9% during the first quarter. Planning Alternatives Ltd. ADV now owns 744,409 shares of the company’s stock valued at $83,456,000 after buying an additional 138,915 shares during the period. Redwood Investment Management LLC raised its stake in Invesco S&P 500 Momentum ETF by 5.3% in the first quarter. Redwood Investment Management LLC now owns 656,268 shares of the company’s stock worth $73,574,000 after buying an additional 33,157 shares in the last quarter. Private Advisor Group LLC raised its stake in Invesco S&P 500 Momentum ETF by 6.8% in the first quarter. Private Advisor Group LLC now owns 562,480 shares of the company’s stock worth $63,060,000 after buying an additional 35,630 shares in the last quarter. Finally, Alpine Bank Wealth Management raised its stake in Invesco S&P 500 Momentum ETF by 1.4% in the third quarter. Alpine Bank Wealth Management now owns 498,031 shares of the company’s stock worth $75,492,000 after buying an additional 7,043 shares in the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

Shares of SPMO opened at $143.15 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 company has a 50-day simple moving average of $148.84 and a two-hundred day simple moving average of $145.81. The firm has a market capitalization of $22.07 billion, a PE ratio of 29.51 and a beta of 1.10.

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.