Redhawk Wealth Advisors Inc. Decreases Stake in Invesco S&P 500 Momentum ETF $SPMO

Redhawk Wealth Advisors Inc. cut its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 76.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 100,162 shares of the company’s stock after selling 316,930 shares during the quarter. Invesco S&P 500 Momentum ETF comprises 1.3% of Redhawk Wealth Advisors Inc.’s investment portfolio, making the stock its 15th biggest position. Redhawk Wealth Advisors Inc. owned about 0.09% of Invesco S&P 500 Momentum ETF worth $11,951,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Vantagepoint Investment Advisers LLC acquired a new position in shares of Invesco S&P 500 Momentum ETF during the 3rd quarter worth approximately $317,167,000. Osaic Holdings Inc. grew its position in shares of Invesco S&P 500 Momentum ETF by 126.3% in the second quarter. Osaic Holdings Inc. now owns 1,097,393 shares of the company’s stock valued at $120,105,000 after purchasing an additional 612,432 shares in the last quarter. Bank of America Corp DE grew its position in shares of Invesco S&P 500 Momentum ETF by 30.4% in the second quarter. Bank of America Corp DE now owns 2,411,349 shares of the company’s stock valued at $271,204,000 after purchasing an additional 562,290 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Invesco S&P 500 Momentum ETF in the third quarter valued at approximately $65,042,000. Finally, Raymond James Financial Inc. increased its holdings in shares of Invesco S&P 500 Momentum ETF by 62.0% in the third quarter. Raymond James Financial Inc. now owns 1,341,003 shares of the company’s stock valued at $162,342,000 after purchasing an additional 513,037 shares during the last quarter.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of Invesco S&P 500 Momentum ETF stock opened at $110.31 on Friday. The business’s 50 day moving average price is $118.15 and its 200 day moving average price is $119.38. The company has a market cap of $12.52 billion, a price-to-earnings ratio of 29.51 and a beta of 0.98. Invesco S&P 500 Momentum ETF has a one year low of $78.25 and a one year high of $124.56.

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.