Invesco S&P 500 Momentum ETF $SPMO Shares Sold by Sagespring Wealth Partners LLC

Sagespring Wealth Partners LLC reduced its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 66.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,117 shares of the company’s stock after selling 20,484 shares during the period. Sagespring Wealth Partners LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $1,207,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SPMO. QP Wealth Management LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF during the 4th quarter worth approximately $1,436,000. WealthCare Investment Partners LLC grew its position in shares of Invesco S&P 500 Momentum ETF by 4.3% in the 4th quarter. WealthCare Investment Partners LLC now owns 67,399 shares of the company’s stock valued at $8,066,000 after buying an additional 2,806 shares during the last quarter. RDA Financial Network grew its position in shares of Invesco S&P 500 Momentum ETF by 18.6% in the 4th quarter. RDA Financial Network now owns 4,627 shares of the company’s stock valued at $552,000 after buying an additional 725 shares during the last quarter. JBR Co Financial Management Inc raised its stake in Invesco S&P 500 Momentum ETF by 269.0% during the 4th quarter. JBR Co Financial Management Inc now owns 17,047 shares of the company’s stock worth $2,034,000 after acquiring an additional 12,427 shares in the last quarter. Finally, Advance Capital Management Inc. raised its stake in Invesco S&P 500 Momentum ETF by 1.8% during the 4th quarter. Advance Capital Management Inc. now owns 230,374 shares of the company’s stock worth $27,488,000 after acquiring an additional 4,181 shares in the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

Shares of SPMO opened at $113.78 on Monday. Invesco S&P 500 Momentum ETF has a 1-year low of $78.25 and a 1-year high of $124.56. The stock has a market cap of $12.92 billion, a PE ratio of 29.51 and a beta of 0.98. The firm has a fifty day moving average price of $118.81 and a 200 day moving average price of $119.55.

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.