Invesco S&P 500 Momentum ETF $SPMO Stock Holdings Lessened by Redhawk Wealth Advisors Inc.

Redhawk Wealth Advisors Inc. lowered its stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 5.2% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 417,092 shares of the company’s stock after selling 22,967 shares during the quarter. Invesco S&P 500 Momentum ETF accounts for 5.9% of Redhawk Wealth Advisors Inc.’s portfolio, making the stock its biggest position. Redhawk Wealth Advisors Inc.’s holdings in Invesco S&P 500 Momentum ETF were worth $50,493,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Schroder Investment Management Group bought a new stake in shares of Invesco S&P 500 Momentum ETF in the 2nd quarter worth $26,000. GHP Investment Advisors Inc. grew its position in Invesco S&P 500 Momentum ETF by 99.2% in the 2nd quarter. GHP Investment Advisors Inc. now owns 265 shares of the company’s stock worth $30,000 after purchasing an additional 132 shares in the last quarter. Mark Sheptoff Financial Planning LLC bought a new stake in Invesco S&P 500 Momentum ETF in the 2nd quarter worth about $31,000. Rossby Financial LCC increased its stake in Invesco S&P 500 Momentum ETF by 237.8% in the 2nd quarter. Rossby Financial LCC now owns 304 shares of the company’s stock valued at $34,000 after buying an additional 214 shares during the last quarter. Finally, Tradewinds Capital Management LLC lifted its position in shares of Invesco S&P 500 Momentum ETF by 342.5% during the 2nd quarter. Tradewinds Capital Management LLC now owns 354 shares of the company’s stock worth $40,000 after buying an additional 274 shares in the last quarter.

Invesco S&P 500 Momentum ETF Stock Up 1.0%

Shares of NYSEARCA SPMO opened at $117.70 on Friday. The company has a market capitalization of $12.86 billion, a PE ratio of 29.51 and a beta of 0.98. The stock’s 50 day moving average price is $119.60 and its 200-day moving average price is $116.51. Invesco S&P 500 Momentum ETF has a twelve month low of $78.25 and a twelve month high of $124.56.

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.