Invesco S&P 500 Momentum ETF $SPMO is Alpine Bank Wealth Management’s 2nd Largest Position

Alpine Bank Wealth Management trimmed its position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 0.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 849,001 shares of the company’s stock after selling 5,511 shares during the quarter. Invesco S&P 500 Momentum ETF accounts for approximately 14.3% of Alpine Bank Wealth Management’s portfolio, making the stock its 2nd largest holding. Alpine Bank Wealth Management owned about 0.74% of Invesco S&P 500 Momentum ETF worth $101,303,000 at the end of the most recent quarter.

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

Invesco S&P 500 Momentum ETF Stock Down 2.2%

NYSEARCA SPMO opened at $107.84 on Tuesday. Invesco S&P 500 Momentum ETF has a fifty-two week low of $78.25 and a fifty-two week high of $124.56. The business has a 50 day moving average price of $117.91 and a two-hundred day moving average price of $119.29. The stock has a market cap of $12.24 billion, a PE ratio of 29.51 and a beta of 0.98.

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.