B. Riley Wealth Advisors Inc. Sells 38,101 Shares of Invesco S&P 500 Momentum ETF $SPMO

B. Riley Wealth Advisors Inc. lessened its position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 60.7% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 24,627 shares of the company’s stock after selling 38,101 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Invesco S&P 500 Momentum ETF were worth $2,981,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of SPMO. Castleview Partners LLC grew its position in Invesco S&P 500 Momentum ETF by 3.2% in the 3rd quarter. Castleview Partners LLC now owns 2,734 shares of the company’s stock valued at $331,000 after purchasing an additional 84 shares during the period. Stephens Inc. AR raised its holdings in Invesco S&P 500 Momentum ETF by 2.1% during the second quarter. Stephens Inc. AR now owns 4,408 shares of the company’s stock worth $496,000 after buying an additional 89 shares during the last quarter. Strait & Sound Wealth Management LLC lifted its stake in shares of Invesco S&P 500 Momentum ETF by 0.7% in the second quarter. Strait & Sound Wealth Management LLC now owns 14,349 shares of the company’s stock valued at $1,614,000 after buying an additional 94 shares in the last quarter. Fourth Dimension Wealth LLC grew its holdings in shares of Invesco S&P 500 Momentum ETF by 33.3% during the second quarter. Fourth Dimension Wealth LLC now owns 400 shares of the company’s stock valued at $45,000 after buying an additional 100 shares during the last quarter. Finally, Sutton Place Investors LLC increased its position in shares of Invesco S&P 500 Momentum ETF by 1.8% during the second quarter. Sutton Place Investors LLC now owns 6,015 shares of the company’s stock worth $677,000 after acquiring an additional 109 shares in the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

SPMO opened at $117.92 on Monday. Invesco S&P 500 Momentum ETF has a fifty-two week low of $78.25 and a fifty-two week high of $124.56. The firm has a market capitalization of $13.40 billion, a PE ratio of 29.51 and a beta of 0.98. The company’s 50-day moving average is $119.21 and its 200 day moving average is $118.61.

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.