Balboa Wealth Partners Sells 4,665 Shares of Invesco S&P 500 Momentum ETF $SPMO

Balboa Wealth Partners cut its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 25.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,587 shares of the company’s stock after selling 4,665 shares during the quarter. Balboa Wealth Partners’ holdings in Invesco S&P 500 Momentum ETF were worth $1,621,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of the business. Evolution Wealth Management Inc. lifted its position in Invesco S&P 500 Momentum ETF by 468.7% in the 3rd quarter. Evolution Wealth Management Inc. now owns 7,410 shares of the company’s stock valued at $897,000 after acquiring an additional 6,107 shares in the last quarter. Dynamic Advisor Solutions LLC boosted its stake in Invesco S&P 500 Momentum ETF by 116.7% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 106,101 shares of the company’s stock valued at $12,660,000 after purchasing an additional 57,149 shares during the last quarter. Benjamin Edwards Inc. bought a new stake in shares of Invesco S&P 500 Momentum ETF in the 3rd quarter worth $1,654,000. IFP Advisors Inc raised its stake in shares of Invesco S&P 500 Momentum ETF by 98.0% in the third quarter. IFP Advisors Inc now owns 10,833 shares of the company’s stock worth $1,311,000 after purchasing an additional 5,361 shares during the last quarter. Finally, Altus Wealth Group LLC raised its stake in shares of Invesco S&P 500 Momentum ETF by 4.7% in the third quarter. Altus Wealth Group LLC now owns 137,743 shares of the company’s stock worth $16,675,000 after purchasing an additional 6,229 shares during the last quarter.

Invesco S&P 500 Momentum ETF Stock Performance

SPMO opened at $114.74 on Friday. The company’s 50-day simple moving average is $117.69 and its two-hundred day simple moving average is $119.17. The stock has a market capitalization of $13.03 billion, a P/E ratio of 29.51 and a beta of 0.98. Invesco S&P 500 Momentum ETF has a 52-week low of $78.25 and a 52-week high of $124.56.

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.