McNaughton Wealth Management LLC cut its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 27.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,987 shares of the company’s stock after selling 8,686 shares during the period. Invesco S&P 500 Momentum ETF makes up about 1.2% of McNaughton Wealth Management LLC’s investment portfolio, making the stock its 25th largest holding. McNaughton Wealth Management LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $3,484,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Prota Financial LLC grew its stake in shares of Invesco S&P 500 Momentum ETF by 19.1% in the third quarter. Prota Financial LLC now owns 24,646 shares of the company’s stock worth $3,765,000 after purchasing an additional 3,947 shares in the last quarter. Green Ridge Wealth Planning LLC increased its holdings in shares of Invesco S&P 500 Momentum ETF by 7.8% during the third quarter. Green Ridge Wealth Planning LLC now owns 118,636 shares of the company’s stock valued at $17,983,000 after purchasing an additional 8,610 shares during the period. First Heartland Consultants Inc. bought a new stake in shares of Invesco S&P 500 Momentum ETF during the third quarter valued at about $7,060,000. Financial Enhancement Group LLC bought a new stake in shares of Invesco S&P 500 Momentum ETF during the third quarter valued at about $19,633,000. Finally, Farther Finance Advisors LLC raised its stake in shares of Invesco S&P 500 Momentum ETF by 92.0% during the third quarter. Farther Finance Advisors LLC now owns 77,066 shares of the company’s stock valued at $11,682,000 after purchasing an additional 36,920 shares in the last quarter.
Invesco S&P 500 Momentum ETF Stock Down 1.4%
SPMO stock opened at $150.84 on Friday. The company has a 50-day simple moving average of $149.48 and a 200 day simple moving average of $143.77. The company has a market capitalization of $23.04 billion, a P/E ratio of 29.51 and a beta of 1.10. Invesco S&P 500 Momentum ETF has a fifty-two week low of $107.24 and a fifty-two week high of $162.30.
Invesco S&P 500 Momentum ETF Company 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.
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