Goldstein Advisors LLC lessened its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 97.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,272 shares of the company’s stock after selling 138,304 shares during the quarter. Goldstein Advisors LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $496,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Tompkins Financial Corp acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the third quarter worth $36,990,000. Avidian Wealth Enterprises LLC bought a new stake in Invesco S&P 500 Momentum ETF in the 3rd quarter valued at $21,619,000. Planning Alternatives Ltd. ADV lifted its position 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 valued at $83,456,000 after acquiring an additional 138,915 shares in the last quarter. Ameritas Advisory Services LLC boosted its stake 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 during the period. Finally, Financial Enhancement Group LLC acquired a new position in Invesco S&P 500 Momentum ETF in the 3rd quarter worth $19,633,000.
Invesco S&P 500 Momentum ETF Trading Down 0.7%
SPMO stock opened at $144.18 on Friday. The stock has a 50-day moving average price of $149.44 and a two-hundred day moving average price of $144.98. The stock has a market cap of $22.23 billion, a PE ratio of 29.51 and a beta of 1.10. 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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