Invesco S&P 500 Momentum ETF $SPMO Stock: Simplicity Wealth LLC Cuts Position

Simplicity Wealth LLC lessened its position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 54.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,918 shares of the company’s stock after selling 6,997 shares during the quarter. Simplicity Wealth LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $897,000 at the end of the most recent reporting period.

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

Invesco S&P 500 Momentum ETF Stock Performance

NYSEARCA SPMO opened at $142.58 on Wednesday. The firm has a 50 day simple moving average of $147.83 and a 200-day simple moving average of $137.51. Invesco S&P 500 Momentum ETF has a one year low of $107.24 and a one year high of $162.30. The firm has a market cap of $22.07 billion, a price-to-earnings ratio of 29.51 and a beta of 1.10.

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.