Northwestern Mutual Wealth Management Co. Trims Position in Invesco S&P 500 Momentum ETF $SPMO

Northwestern Mutual Wealth Management Co. cut its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 75.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 272,733 shares of the company’s stock after selling 827,069 shares during the period. Northwestern Mutual Wealth Management Co. owned 0.24% of Invesco S&P 500 Momentum ETF worth $32,543,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in SPMO. Capstone Wealth Management Group LLC increased its stake in shares of Invesco S&P 500 Momentum ETF by 129.4% during 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 period. Goldman Sachs Group Inc. purchased a new position in shares of Invesco S&P 500 Momentum ETF during the first quarter valued at approximately $18,900,000. Jane Street Group LLC increased its stake in shares of Invesco S&P 500 Momentum ETF by 346.5% during the first quarter. Jane Street Group LLC now owns 40,389 shares of the company’s stock valued at $3,737,000 after buying an additional 31,344 shares during the period. Invesco Ltd. increased its stake in shares of Invesco S&P 500 Momentum ETF by 43.9% during the second quarter. Invesco Ltd. now owns 76,100 shares of the company’s stock valued at $8,559,000 after buying an additional 23,223 shares during the period. Finally, NewEdge Advisors LLC increased its stake in shares of Invesco S&P 500 Momentum ETF by 11.7% during the second quarter. NewEdge Advisors LLC now owns 49,744 shares of the company’s stock valued at $5,595,000 after buying an additional 5,209 shares during the period.

Invesco S&P 500 Momentum ETF Stock Performance

SPMO opened at $141.42 on Tuesday. Invesco S&P 500 Momentum ETF has a 52-week low of $101.80 and a 52-week high of $147.87. The stock has a market capitalization of $17.24 billion, a PE ratio of 29.51 and a beta of 1.09. The stock’s 50 day moving average price is $125.09 and its 200-day moving average price is $121.40.

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.