Invesco S&P 500 Momentum ETF $SPMO Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. trimmed its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 56.5% in the third quarter, Holdings Channel.com reports. The firm owned 67,130 shares of the company’s stock after selling 87,053 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Invesco S&P 500 Momentum ETF were worth $8,127,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Envestnet Asset Management Inc. boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 35.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 8,166,537 shares of the company’s stock valued at $918,490,000 after purchasing an additional 2,151,980 shares during the last quarter. Mainstay Capital Management LLC ADV raised its position in shares of Invesco S&P 500 Momentum ETF by 111.9% in the 2nd quarter. Mainstay Capital Management LLC ADV now owns 2,628,653 shares of the company’s stock worth $295,645,000 after buying an additional 1,388,287 shares during the period. CWM LLC boosted its holdings in Invesco S&P 500 Momentum ETF by 6.7% in the third quarter. CWM LLC now owns 2,622,555 shares of the company’s stock valued at $317,486,000 after acquiring an additional 164,530 shares during the last quarter. Bank of America Corp DE grew its position in Invesco S&P 500 Momentum ETF by 30.4% during the second quarter. Bank of America Corp DE now owns 2,411,349 shares of the company’s stock valued at $271,204,000 after acquiring an additional 562,290 shares during the period. Finally, Osaic Holdings Inc. grew its position in Invesco S&P 500 Momentum ETF by 126.3% during the second quarter. Osaic Holdings Inc. now owns 1,097,393 shares of the company’s stock valued at $120,105,000 after acquiring an additional 612,432 shares during the period.

Invesco S&P 500 Momentum ETF Price Performance

Shares of NYSEARCA:SPMO opened at $117.92 on Friday. The business has a 50-day moving average of $119.21 and a two-hundred day moving average of $118.56. The firm has a market capitalization of $13.40 billion, a PE ratio of 29.51 and a beta of 0.98. Invesco S&P 500 Momentum ETF has a 12 month low of $78.25 and a 12 month high of $124.56.

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.