Able Wealth Management LLC Sells 33,208 Shares of Invesco S&P 500 Momentum ETF $SPMO

Able Wealth Management LLC trimmed its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 27.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 87,171 shares of the company’s stock after selling 33,208 shares during the period. Invesco S&P 500 Momentum ETF accounts for about 2.6% of Able Wealth Management LLC’s holdings, making the stock its 8th largest holding. Able Wealth Management LLC owned about 0.07% of Invesco S&P 500 Momentum ETF worth $9,773,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Elevated Capital Advisors LLC purchased a new stake in Invesco S&P 500 Momentum ETF during the fourth quarter worth approximately $33,000. Blue Trust Inc. increased its stake in Invesco S&P 500 Momentum ETF by 35.8% in the first quarter. Blue Trust Inc. now owns 353 shares of the company’s stock valued at $40,000 after purchasing an additional 93 shares during the last quarter. Dogwood Wealth Management LLC acquired a new stake in Invesco S&P 500 Momentum ETF during the fourth quarter worth approximately $44,000. Networth Advisors LLC acquired a new stake in Invesco S&P 500 Momentum ETF during the first quarter worth approximately $48,000. Finally, MAI Capital Management acquired a new stake in Invesco S&P 500 Momentum ETF during the third quarter worth approximately $50,000.

Invesco S&P 500 Momentum ETF Trading Down 3.9%

Shares of NYSEARCA:SPMO opened at $155.32 on Thursday. The firm has a 50 day simple moving average of $146.83 and a 200-day simple moving average of $128.79. Invesco S&P 500 Momentum ETF has a twelve month low of $107.24 and a twelve month high of $162.30. The company has a market capitalization of $21.72 billion, a PE ratio of 29.51 and a beta of 1.09.

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.