World Investment Advisors Reduces Stock Position in Invesco S&P 500 Momentum ETF $SPMO

World Investment Advisors lessened its stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 17.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,943 shares of the company’s stock after selling 12,866 shares during the quarter. World Investment Advisors owned approximately 0.05% of Invesco S&P 500 Momentum ETF worth $7,391,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Larry Mathis Financial Planning LLC purchased a new stake in Invesco S&P 500 Momentum ETF during the 4th quarter worth about $1,146,000. Green Ridge Wealth Planning LLC purchased a new stake in Invesco S&P 500 Momentum ETF during the 4th quarter worth about $13,580,000. Corient Private Wealth LLC purchased a new stake in Invesco S&P 500 Momentum ETF during the 4th quarter worth about $339,000. Bush Investment Group LLC increased its position in Invesco S&P 500 Momentum ETF by 48.0% during the 4th quarter. Bush Investment Group LLC now owns 15,279 shares of the company’s stock worth $1,823,000 after purchasing an additional 4,952 shares in the last quarter. Finally, NWF Advisory Services Inc. increased its position in Invesco S&P 500 Momentum ETF by 12.4% during the 4th quarter. NWF Advisory Services Inc. now owns 1,999 shares of the company’s stock worth $238,000 after purchasing an additional 221 shares in the last quarter.

Invesco S&P 500 Momentum ETF Trading Down 1.1%

Shares of NYSEARCA:SPMO opened at $144.45 on Wednesday. The stock’s 50-day moving average price is $123.10 and its two-hundred day moving average price is $120.77. Invesco S&P 500 Momentum ETF has a 12-month low of $101.80 and a 12-month high of $146.79. The firm has a market cap of $17.61 billion, a price-to-earnings ratio of 29.51 and a beta of 1.09.

Invesco S&P 500 Momentum ETF Company 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.