8,686 Invesco S&P 500 Momentum ETF $SPMO Shares Sold by McNaughton Wealth Management LLC

McNaughton Wealth Management LLC cut its position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 27.4% during the 3rd quarter, Holdings Channel reports. The firm owned 22,987 shares of the company’s stock after selling 8,686 shares during the period. Invesco S&P 500 Momentum ETF comprises 1.2% of McNaughton Wealth Management LLC’s investment portfolio, making the stock its 25th largest position. McNaughton Wealth Management LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $3,484,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. SG Americas Securities LLC lifted its holdings in shares of Invesco S&P 500 Momentum ETF by 8.0% in the first quarter. SG Americas Securities LLC now owns 1,169 shares of the company’s stock valued at $131,000 after buying an additional 87 shares during the period. Blue Trust Inc. grew its holdings in Invesco S&P 500 Momentum ETF by 35.8% during the first quarter. Blue Trust Inc. now owns 353 shares of the company’s stock worth $40,000 after acquiring an additional 93 shares during the period. Peregrine Asset Advisers Inc. grew its holdings in Invesco S&P 500 Momentum ETF by 3.1% during the first quarter. Peregrine Asset Advisers Inc. now owns 3,282 shares of the company’s stock worth $368,000 after acquiring an additional 100 shares during the period. City Center Advisors LLC raised its position in Invesco S&P 500 Momentum ETF by 8.2% in the third quarter. City Center Advisors LLC now owns 1,357 shares of the company’s stock worth $206,000 after acquiring an additional 103 shares in the last quarter. Finally, Wellington Grp LLC raised its position in Invesco S&P 500 Momentum ETF by 43.6% in the first quarter. Wellington Grp LLC now owns 458 shares of the company’s stock worth $51,000 after acquiring an additional 139 shares in the last quarter.

Invesco S&P 500 Momentum ETF Trading Down 1.4%

Shares of NYSEARCA SPMO opened at $150.84 on Friday. Invesco S&P 500 Momentum ETF has a twelve month low of $107.24 and a twelve month high of $162.30. The firm has a 50-day moving average of $149.48 and a two-hundred day moving average of $143.77. The company has a market capitalization of $23.04 billion, a price-to-earnings ratio of 29.51 and a beta of 1.10.

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.