NewEdge Advisors LLC Lowers Position in Invesco S&P 500 Momentum ETF $SPMO

NewEdge Advisors LLC decreased its position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 68.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,508 shares of the company’s stock after selling 92,739 shares during the quarter. NewEdge Advisors LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $4,878,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Elevated Capital Advisors LLC purchased a new stake in Invesco S&P 500 Momentum ETF during the fourth quarter worth $33,000. Blue Trust Inc. grew its position in Invesco S&P 500 Momentum ETF by 35.8% during the first quarter. Blue Trust Inc. now owns 353 shares of the company’s stock valued at $40,000 after buying an additional 93 shares during the period. Dogwood Wealth Management LLC purchased a new position in Invesco S&P 500 Momentum ETF in the fourth quarter valued at $44,000. Networth Advisors LLC purchased a new position in Invesco S&P 500 Momentum ETF in the first quarter valued at $48,000. Finally, Team Financial Group LLC raised its position in shares of Invesco S&P 500 Momentum ETF by 58.4% in the first quarter. Team Financial Group LLC now owns 469 shares of the company’s stock worth $53,000 after acquiring an additional 173 shares during the period.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of Invesco S&P 500 Momentum ETF stock opened at $143.42 on Friday. The firm has a 50-day simple moving average of $150.94 and a two-hundred day simple moving average of $132.97. Invesco S&P 500 Momentum ETF has a fifty-two week low of $107.24 and a fifty-two week high of $162.30. The company has a market cap of $20.80 billion, a P/E 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.