World Investment Advisors trimmed its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 17.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 61,943 shares of the company’s stock after selling 12,866 shares during the period. World Investment Advisors’ holdings in Invesco S&P 500 Momentum ETF were worth $7,391,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Larry Mathis Financial Planning LLC acquired a new stake in Invesco S&P 500 Momentum ETF in the 4th quarter worth about $1,146,000. Green Ridge Wealth Planning LLC acquired a new stake in Invesco S&P 500 Momentum ETF in the 4th quarter worth about $13,580,000. Corient Private Wealth LLC acquired a new stake in Invesco S&P 500 Momentum ETF in the 4th quarter worth about $339,000. Bush Investment Group LLC lifted its stake in shares of Invesco S&P 500 Momentum ETF by 48.0% in the 4th quarter. Bush Investment Group LLC now owns 15,279 shares of the company’s stock valued at $1,823,000 after purchasing an additional 4,952 shares in the last quarter. Finally, NWF Advisory Services Inc. lifted its stake in shares of Invesco S&P 500 Momentum ETF by 12.4% in the 4th quarter. NWF Advisory Services Inc. now owns 1,999 shares of the company’s stock valued at $238,000 after purchasing an additional 221 shares in the last quarter.
Invesco S&P 500 Momentum ETF Price Performance
NYSEARCA SPMO opened at $144.45 on Wednesday. The firm has a market capitalization of $17.61 billion, a P/E ratio of 29.51 and a beta of 1.09. Invesco S&P 500 Momentum ETF has a 1-year low of $101.80 and a 1-year high of $146.79. The business’s 50-day simple moving average is $123.10 and its 200-day simple moving average is $120.77.
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.
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