Stonebrook Private Inc. Sells 4,372 Shares of Invesco S&P 500 Momentum ETF $SPMO

Stonebrook Private Inc. decreased its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 8.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,367 shares of the company’s stock after selling 4,372 shares during the period. Invesco S&P 500 Momentum ETF makes up about 1.2% of Stonebrook Private Inc.’s portfolio, making the stock its 18th largest position. Stonebrook Private Inc.’s holdings in Invesco S&P 500 Momentum ETF were worth $5,327,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Stephens Inc. AR raised its holdings in shares of Invesco S&P 500 Momentum ETF by 2.1% in the 2nd quarter. Stephens Inc. AR now owns 4,408 shares of the company’s stock worth $496,000 after acquiring an additional 89 shares during the last quarter. Strait & Sound Wealth Management LLC boosted its stake in Invesco S&P 500 Momentum ETF by 0.7% during the 2nd quarter. Strait & Sound Wealth Management LLC now owns 14,349 shares of the company’s stock valued at $1,614,000 after purchasing an additional 94 shares during the last quarter. Fourth Dimension Wealth LLC increased its holdings in Invesco S&P 500 Momentum ETF by 33.3% during the 2nd quarter. Fourth Dimension Wealth LLC now owns 400 shares of the company’s stock worth $45,000 after purchasing an additional 100 shares in the last quarter. WealthShield Partners LLC increased its holdings in Invesco S&P 500 Momentum ETF by 51.2% during the 1st quarter. WealthShield Partners LLC now owns 307 shares of the company’s stock worth $28,000 after purchasing an additional 104 shares in the last quarter. Finally, Sutton Place Investors LLC raised its stake in shares of Invesco S&P 500 Momentum ETF by 1.8% in the second quarter. Sutton Place Investors LLC now owns 6,015 shares of the company’s stock worth $677,000 after purchasing an additional 109 shares during the last quarter.

Invesco S&P 500 Momentum ETF Stock Down 0.5%

Shares of NYSEARCA:SPMO opened at $115.84 on Wednesday. The stock has a market cap of $12.66 billion, a price-to-earnings ratio of 29.51 and a beta of 0.98. Invesco S&P 500 Momentum ETF has a 12-month low of $78.25 and a 12-month high of $124.56. The business’s 50 day moving average is $120.51 and its 200 day moving average is $114.19.

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.