NewEdge Advisors LLC Decreases Stock Holdings in Invesco S&P 500 Momentum ETF $SPMO

NewEdge Advisors LLC lowered its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 68.1% during the first quarter, Holdings Channel.com reports. The fund owned 43,508 shares of the company’s stock after selling 92,739 shares during the quarter. NewEdge Advisors LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $4,878,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Able Wealth Management LLC lifted its holdings in Invesco S&P 500 Momentum ETF by 13.0% in the fourth quarter. Able Wealth Management LLC now owns 120,379 shares of the company’s stock valued at $14,364,000 after acquiring an additional 13,883 shares during the period. Brookwood Investment Group LLC grew its stake in shares of Invesco S&P 500 Momentum ETF by 27.5% during the 4th quarter. Brookwood Investment Group LLC now owns 88,676 shares of the company’s stock worth $10,581,000 after purchasing an additional 19,103 shares during the period. Petra Financial Advisors Inc. increased its holdings in shares of Invesco S&P 500 Momentum ETF by 44.1% in the 4th quarter. Petra Financial Advisors Inc. now owns 18,251 shares of the company’s stock valued at $2,178,000 after purchasing an additional 5,587 shares in the last quarter. Ascent Group LLC increased its holdings in shares of Invesco S&P 500 Momentum ETF by 68.4% in the 4th quarter. Ascent Group LLC now owns 252,643 shares of the company’s stock valued at $30,145,000 after purchasing an additional 102,587 shares in the last quarter. Finally, Strategic Blueprint LLC increased its holdings in shares of Invesco S&P 500 Momentum ETF by 111.1% in the 4th quarter. Strategic Blueprint LLC now owns 18,487 shares of the company’s stock valued at $2,206,000 after purchasing an additional 9,729 shares in the last quarter.

Invesco S&P 500 Momentum ETF Stock Up 5.2%

Shares of NYSEARCA SPMO opened at $143.42 on Friday. The stock has a market capitalization of $20.80 billion, a price-to-earnings ratio of 29.51 and a beta of 1.09. Invesco S&P 500 Momentum ETF has a 52 week low of $107.24 and a 52 week high of $162.30. The firm has a 50-day moving average price of $150.94 and a 200 day moving average price of $132.97.

Invesco S&P 500 Momentum ETF Company 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.