Allworth Financial LP Has $3.04 Million Stake in Invesco S&P 500 Momentum ETF $SPMO

Allworth Financial LP reduced its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 3.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,026 shares of the company’s stock after selling 897 shares during the quarter. Allworth Financial LP’s holdings in Invesco S&P 500 Momentum ETF were worth $3,040,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. PFG Advisors raised its position in Invesco S&P 500 Momentum ETF by 16.6% in the 2nd quarter. PFG Advisors now owns 14,305 shares of the company’s stock valued at $1,609,000 after purchasing an additional 2,032 shares during the last quarter. Rollins Financial Advisors LLC grew its holdings in shares of Invesco S&P 500 Momentum ETF by 372.2% during the second quarter. Rollins Financial Advisors LLC now owns 55,825 shares of the company’s stock worth $6,279,000 after purchasing an additional 44,002 shares during the last quarter. Prospera Financial Services Inc acquired a new stake in shares of Invesco S&P 500 Momentum ETF in the second quarter valued at $728,000. RWA Wealth Partners LLC increased its stake in shares of Invesco S&P 500 Momentum ETF by 86.7% in the second quarter. RWA Wealth Partners LLC now owns 15,754 shares of the company’s stock valued at $1,772,000 after buying an additional 7,318 shares in the last quarter. Finally, AE Wealth Management LLC raised its holdings in shares of Invesco S&P 500 Momentum ETF by 21.4% in the second quarter. AE Wealth Management LLC now owns 52,252 shares of the company’s stock valued at $5,877,000 after buying an additional 9,203 shares during the last quarter.

Invesco S&P 500 Momentum ETF Stock Up 0.0%

Shares of NYSEARCA SPMO opened at $120.34 on Thursday. Invesco S&P 500 Momentum ETF has a 12-month low of $78.25 and a 12-month high of $124.56. The firm’s 50-day simple moving average is $120.57 and its 200 day simple moving average is $113.45. The company has a market cap of $13.15 billion, a price-to-earnings ratio of 29.51 and a beta of 0.98.

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.