Balboa Wealth Partners Sells 7,185 Shares of Invesco S&P 500 Momentum ETF $SPMO

Balboa Wealth Partners lowered its position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 52.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,402 shares of the company’s stock after selling 7,185 shares during the period. Balboa Wealth Partners’ holdings in Invesco S&P 500 Momentum ETF were worth $718,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of SPMO. Lantern Wealth Advisors LLC lifted its position 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 valued at $319,000 after acquiring an additional 88 shares during the last quarter. Santori & Peters Inc. grew its holdings in Invesco S&P 500 Momentum ETF by 2.9% in the fourth quarter. Santori & Peters Inc. now owns 3,495 shares of the company’s stock worth $417,000 after purchasing an additional 100 shares during the last quarter. Fourth Dimension Wealth LLC grew its holdings in Invesco S&P 500 Momentum ETF by 20.0% in the fourth quarter. Fourth Dimension Wealth LLC now owns 600 shares of the company’s stock worth $72,000 after purchasing an additional 100 shares during the last quarter. Triumph Capital Management increased its position in shares of Invesco S&P 500 Momentum ETF by 19.0% during the fourth quarter. Triumph Capital Management now owns 671 shares of the company’s stock worth $80,000 after purchasing an additional 107 shares in the last quarter. Finally, ArborFi Advisors LLC increased its position in shares of Invesco S&P 500 Momentum ETF by 0.4% during the fourth quarter. ArborFi Advisors LLC now owns 28,233 shares of the company’s stock worth $3,369,000 after purchasing an additional 113 shares in the last quarter.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of SPMO opened at $159.90 on Monday. Invesco S&P 500 Momentum ETF has a 12 month low of $106.57 and a 12 month high of $160.65. The stock has a fifty day moving average price of $141.78 and a 200-day moving average price of $126.72. The firm has a market cap of $19.50 billion, a PE ratio of 29.51 and a beta of 1.11.

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.