Envestnet Portfolio Solutions Inc. Reduces Stock Position in Invesco S&P 500 Momentum ETF $SPMO

Envestnet Portfolio Solutions Inc. decreased its position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 56.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 67,130 shares of the company’s stock after selling 87,053 shares during the quarter. Envestnet Portfolio Solutions Inc. owned about 0.06% of Invesco S&P 500 Momentum ETF worth $8,127,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of SPMO. Capstone Wealth Management Group LLC raised its position in shares of Invesco S&P 500 Momentum ETF by 129.4% in the first quarter. Capstone Wealth Management Group LLC now owns 116,148 shares of the company’s stock valued at $10,747,000 after buying an additional 65,515 shares during the last quarter. Goldman Sachs Group Inc. purchased a new stake in Invesco S&P 500 Momentum ETF in the 1st quarter worth approximately $18,900,000. Jane Street Group LLC grew its stake in Invesco S&P 500 Momentum ETF by 346.5% in the 1st quarter. Jane Street Group LLC now owns 40,389 shares of the company’s stock worth $3,737,000 after acquiring an additional 31,344 shares during the period. Tempus Wealth Planning LLC raised its holdings in Invesco S&P 500 Momentum ETF by 62.1% in the 2nd quarter. Tempus Wealth Planning LLC now owns 68,406 shares of the company’s stock valued at $7,694,000 after acquiring an additional 26,203 shares during the last quarter. Finally, KWB Wealth lifted its stake in shares of Invesco S&P 500 Momentum ETF by 1.5% during the 2nd quarter. KWB Wealth now owns 60,625 shares of the company’s stock worth $6,818,000 after purchasing an additional 911 shares during the period.

Invesco S&P 500 Momentum ETF Stock Down 0.0%

SPMO stock opened at $117.92 on Friday. The stock has a market capitalization of $13.40 billion, a price-to-earnings 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. The stock’s fifty day simple moving average is $119.21 and its 200-day simple moving average is $118.56.

Invesco S&P 500 Momentum ETF 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.