Brookstone Capital Management Reduces Position in Invesco S&P 500 Momentum ETF $SPMO

Brookstone Capital Management decreased its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 93.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,972 shares of the company’s stock after selling 145,983 shares during the period. Brookstone Capital Management’s holdings in Invesco S&P 500 Momentum ETF were worth $1,230,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Dynamic Advisor Solutions LLC lifted its holdings in Invesco S&P 500 Momentum ETF by 116.7% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 106,101 shares of the company’s stock valued at $12,660,000 after purchasing an additional 57,149 shares in the last quarter. IFP Advisors Inc boosted its position in shares of Invesco S&P 500 Momentum ETF by 98.0% in the third quarter. IFP Advisors Inc now owns 10,833 shares of the company’s stock worth $1,311,000 after purchasing an additional 5,361 shares during the period. CIBC Private Wealth Group LLC increased its stake in shares of Invesco S&P 500 Momentum ETF by 7,363.6% in the third quarter. CIBC Private Wealth Group LLC now owns 15,972 shares of the company’s stock worth $1,934,000 after purchasing an additional 15,758 shares in the last quarter. Able Wealth Management LLC increased its stake in shares of Invesco S&P 500 Momentum ETF by 13.0% in the fourth quarter. Able Wealth Management LLC now owns 120,379 shares of the company’s stock worth $14,364,000 after purchasing an additional 13,883 shares in the last quarter. Finally, Hutchens & Kramer Investment Management Group LLC raised its position in shares of Invesco S&P 500 Momentum ETF by 1,035.6% during the 4th quarter. Hutchens & Kramer Investment Management Group LLC now owns 19,646 shares of the company’s stock valued at $2,344,000 after purchasing an additional 17,916 shares during the period.

Invesco S&P 500 Momentum ETF Price Performance

Shares of SPMO stock opened at $159.64 on Friday. Invesco S&P 500 Momentum ETF has a one year low of $107.24 and a one year high of $162.30. The company’s fifty day moving average price is $144.42 and its 200-day moving average price is $127.77. The company has a market capitalization of $19.46 billion, a price-to-earnings ratio of 29.51 and a beta of 1.11.

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.