Tempus Wealth Planning LLC cut its stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 25.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 44,814 shares of the company’s stock after selling 15,317 shares during the period. Invesco S&P 500 Momentum ETF comprises approximately 1.3% of Tempus Wealth Planning LLC’s investment portfolio, making the stock its 15th biggest position. Tempus Wealth Planning LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $6,793,000 as of its most recent filing with the SEC.
A number of other large investors also recently modified their holdings of SPMO. Tompkins Financial Corp acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the 3rd quarter valued at $36,990,000. Avidian Wealth Enterprises LLC acquired a new position in Invesco S&P 500 Momentum ETF in the 3rd quarter worth about $21,619,000. Planning Alternatives Ltd. ADV increased its holdings in Invesco S&P 500 Momentum ETF by 22.9% in the 1st 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 in the last quarter. Ameritas Advisory Services LLC increased its holdings in Invesco S&P 500 Momentum ETF by 928.3% in the 2nd quarter. Ameritas Advisory Services LLC now owns 150,022 shares of the company’s stock worth $24,235,000 after purchasing an additional 135,432 shares in the last quarter. Finally, Financial Enhancement Group LLC bought a new position in Invesco S&P 500 Momentum ETF in the third quarter valued at about $19,633,000.
Invesco S&P 500 Momentum ETF Stock Down 1.9%
Shares of SPMO stock traded down $2.85 during mid-day trading on Wednesday, reaching $145.18. 1,993,810 shares of the stock traded hands, compared to its average volume of 1,943,063. The company has a market cap of $22.38 billion, a price-to-earnings ratio of 29.51 and a beta of 1.10. The stock’s fifty day simple moving average is $149.64 and its two-hundred day simple moving average is $144.50. Invesco S&P 500 Momentum ETF has a 1-year low of $107.24 and a 1-year high of $162.30.
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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