USAdvisors Wealth Management LLC Decreases Stake in Invesco S&P 500 Momentum ETF $SPMO

USAdvisors Wealth Management LLC cut its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 33.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,360 shares of the company’s stock after selling 5,726 shares during the period. USAdvisors Wealth Management LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $1,375,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Schroder Investment Management Group acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the second quarter worth $26,000. Cullen Frost Bankers Inc. purchased a new position in Invesco S&P 500 Momentum ETF in the 3rd quarter worth $27,000. GHP Investment Advisors Inc. raised its stake 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 acquiring an additional 132 shares during the last quarter. Mark Sheptoff Financial Planning LLC acquired a new stake in Invesco S&P 500 Momentum ETF during the 2nd quarter worth about $31,000. Finally, Blue Trust Inc. acquired a new stake in Invesco S&P 500 Momentum ETF during the 3rd quarter worth about $31,000.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of SPMO stock opened at $119.22 on Wednesday. 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 firm has a market capitalization of $13.54 billion, a PE ratio of 29.51 and a beta of 0.98. The stock’s 50-day simple moving average is $119.52 and its 200-day simple moving average is $119.43.

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.