Brookstone Capital Management Has $18.73 Million Stock Holdings in Invesco S&P 500 Momentum ETF $SPMO

Brookstone Capital Management lowered its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 19.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 156,955 shares of the company’s stock after selling 38,793 shares during the period. Brookstone Capital Management owned 0.14% of Invesco S&P 500 Momentum ETF worth $18,728,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Schroder Investment Management Group acquired a new stake in Invesco S&P 500 Momentum ETF during the 2nd quarter worth approximately $26,000. Cullen Frost Bankers Inc. acquired a new position in Invesco S&P 500 Momentum ETF in the 3rd quarter valued at approximately $27,000. Blue Trust Inc. bought a new position in shares of Invesco S&P 500 Momentum ETF during the third quarter valued at $31,000. Dunhill Financial LLC acquired a new position in shares of Invesco S&P 500 Momentum ETF during the third quarter worth $33,000. Finally, Salomon & Ludwin LLC lifted its holdings in shares of Invesco S&P 500 Momentum ETF by 117.9% during the third quarter. Salomon & Ludwin LLC now owns 305 shares of the company’s stock worth $37,000 after purchasing an additional 165 shares during the period.

Invesco S&P 500 Momentum ETF Stock Down 2.2%

Shares of NYSEARCA SPMO opened at $107.84 on Tuesday. The firm has a fifty day simple moving average of $117.91 and a 200 day simple moving average of $119.29. Invesco S&P 500 Momentum ETF has a twelve month low of $78.25 and a twelve month high of $124.56. The company has a market capitalization of $12.24 billion, a PE ratio of 29.51 and a beta of 0.98.

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.