Capstone Wealth Management Group LLC lowered its holdings in shares of Invesco S&P 500 Value with Momentum ETF (NYSEARCA:SPVM – Free Report) by 9.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 152,218 shares of the company’s stock after selling 15,577 shares during the period. Invesco S&P 500 Value with Momentum ETF makes up approximately 4.8% of Capstone Wealth Management Group LLC’s holdings, making the stock its 7th largest holding. Capstone Wealth Management Group LLC owned 0.08% of Invesco S&P 500 Value with Momentum ETF worth $11,033,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in SPVM. IFP Advisors Inc lifted its stake in Invesco S&P 500 Value with Momentum ETF by 66.3% in the third quarter. IFP Advisors Inc now owns 697 shares of the company’s stock valued at $51,000 after buying an additional 278 shares during the period. Envestnet Asset Management Inc. bought a new position in shares of Invesco S&P 500 Value with Momentum ETF during the 2nd quarter worth approximately $276,000. Citadel Advisors LLC bought a new position in shares of Invesco S&P 500 Value with Momentum ETF during the 2nd quarter worth approximately $377,000. Nvest Financial LLC acquired a new stake in shares of Invesco S&P 500 Value with Momentum ETF during the 2nd quarter worth approximately $310,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in shares of Invesco S&P 500 Value with Momentum ETF during the 2nd quarter worth approximately $374,000.
Invesco S&P 500 Value with Momentum ETF Stock Up 0.5%
NYSEARCA:SPVM opened at $78.72 on Thursday. The company has a fifty day moving average of $75.86 and a 200-day moving average of $73.68. The firm has a market capitalization of $144.06 million, a P/E ratio of 13.46 and a beta of 0.77. Invesco S&P 500 Value with Momentum ETF has a twelve month low of $64.00 and a twelve month high of $79.81.
About Invesco S&P 500 Value with Momentum ETF
The Invesco S&P 500 Value with Momentum ETF (SPVM) is an exchange-traded fund that is based on the S&P 500 High Momentum Value index. The fund tracks an index of S&P 500 stocks selected by value and momentum and weighted by value. SPVM was launched on Jun 16, 2011 and is managed by Invesco.
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Want to see what other hedge funds are holding SPVM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco S&P 500 Value with Momentum ETF (NYSEARCA:SPVM – Free Report).
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