Brookstone Capital Management Has $18.73 Million Stake in Invesco S&P 500 Momentum ETF $SPMO

Brookstone Capital Management reduced its stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 19.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 156,955 shares of the company’s stock after selling 38,793 shares during the period. Brookstone Capital Management’s holdings in Invesco S&P 500 Momentum ETF were worth $18,728,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of SPMO. Castleview Partners LLC lifted its holdings in shares of Invesco S&P 500 Momentum ETF by 3.2% in the third quarter. Castleview Partners LLC now owns 2,734 shares of the company’s stock valued at $331,000 after purchasing an additional 84 shares in the last quarter. Lantern Wealth Advisors LLC grew its holdings in Invesco S&P 500 Momentum ETF by 3.5% during the third quarter. Lantern Wealth Advisors LLC now owns 2,634 shares of the company’s stock worth $319,000 after buying an additional 88 shares in the last quarter. Caliber Wealth Management LLC KS raised its position in Invesco S&P 500 Momentum ETF by 4.9% in the 3rd quarter. Caliber Wealth Management LLC KS now owns 1,945 shares of the company’s stock valued at $235,000 after buying an additional 90 shares during the last quarter. LexAurum Advisors LLC raised its position in Invesco S&P 500 Momentum ETF by 4.3% in the 3rd quarter. LexAurum Advisors LLC now owns 2,225 shares of the company’s stock valued at $269,000 after buying an additional 92 shares during the last quarter. Finally, GK Wealth Management LLC lifted its stake in Invesco S&P 500 Momentum ETF by 4.1% during the 3rd quarter. GK Wealth Management LLC now owns 2,497 shares of the company’s stock valued at $302,000 after acquiring an additional 99 shares in the last quarter.

Invesco S&P 500 Momentum ETF Trading Down 2.2%

Shares of NYSEARCA:SPMO opened at $107.84 on Tuesday. The stock has a market cap of $12.24 billion, a PE ratio of 29.51 and a beta of 0.98. The stock’s fifty day simple moving average is $117.91 and its two-hundred day simple moving average is $119.29. Invesco S&P 500 Momentum ETF has a 1-year low of $78.25 and a 1-year high of $124.56.

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.