Elevation Capital Advisory LLC Sells 23,095 Shares of Invesco S&P 500 Momentum ETF $SPMO

Elevation Capital Advisory LLC lowered its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 74.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,117 shares of the company’s stock after selling 23,095 shares during the period. Elevation Capital Advisory LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $1,230,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BNB Wealth Management LLC increased its holdings in shares of Invesco S&P 500 Momentum ETF by 3.1% during the third quarter. BNB Wealth Management LLC now owns 60,990 shares of the company’s stock worth $9,245,000 after buying an additional 1,860 shares in the last quarter. Modera Wealth Management LLC bought a new position in shares of Invesco S&P 500 Momentum ETF in the 3rd quarter valued at $223,000. International Assets Investment Management LLC lifted its stake in shares of Invesco S&P 500 Momentum ETF by 2,683.0% in the 3rd quarter. International Assets Investment Management LLC now owns 250,000 shares of the company’s stock valued at $37,895,000 after acquiring an additional 241,017 shares during the last quarter. Partners Wealth Management LLC bought a new position in shares of Invesco S&P 500 Momentum ETF in the 3rd quarter valued at $376,000. Finally, Soltis Investment Advisors LLC boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 30.1% during the 3rd quarter. Soltis Investment Advisors LLC now owns 4,953 shares of the company’s stock valued at $751,000 after acquiring an additional 1,146 shares in the last quarter.

Invesco S&P 500 Momentum ETF Stock Down 4.3%

NYSEARCA SPMO opened at $136.27 on Friday. The company has a market cap of $21.29 billion, a price-to-earnings ratio of 29.51 and a beta of 1.10. Invesco S&P 500 Momentum ETF has a twelve month low of $107.24 and a twelve month high of $162.30. The business’s fifty day moving average is $147.35 and its 200 day moving average is $137.83.

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.