Belpointe Asset Management LLC Has $2.94 Million Stock Position in Invesco S&P 500 Momentum ETF $SPMO

Belpointe Asset Management LLC decreased its position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 46.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 24,659 shares of the company’s stock after selling 20,965 shares during the period. Belpointe Asset Management LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $2,942,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Evolution Wealth Management Inc. grew its holdings in shares of 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 buying an additional 6,107 shares during the period. Dynamic Advisor Solutions LLC lifted its position in Invesco S&P 500 Momentum ETF by 116.7% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 106,101 shares of the company’s stock valued at $12,660,000 after acquiring an additional 57,149 shares in the last quarter. IFP Advisors Inc lifted its position in Invesco S&P 500 Momentum ETF by 98.0% in the 3rd quarter. IFP Advisors Inc now owns 10,833 shares of the company’s stock valued at $1,311,000 after acquiring an additional 5,361 shares in the last quarter. Benjamin Edwards Inc. bought a new stake in Invesco S&P 500 Momentum ETF in the 3rd quarter valued at $1,654,000. Finally, CIBC Private Wealth Group LLC lifted its position in Invesco S&P 500 Momentum ETF by 7,363.6% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 15,972 shares of the company’s stock valued at $1,934,000 after acquiring an additional 15,758 shares in the last quarter.

Invesco S&P 500 Momentum ETF Trading Down 0.5%

SPMO opened at $127.64 on Tuesday. The stock has a market capitalization of $14.95 billion, a P/E ratio of 29.51 and a beta of 1.02. Invesco S&P 500 Momentum ETF has a 12 month low of $84.86 and a 12 month high of $128.51. The firm’s fifty day simple moving average is $118.58 and its 200 day simple moving average is $119.30.

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.