Capstone Wealth Management Group LLC Sells 85,114 Shares of Invesco S&P 500 Momentum ETF $SPMO

Capstone Wealth Management Group LLC trimmed its position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 59.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,831 shares of the company’s stock after selling 85,114 shares during the quarter. Invesco S&P 500 Momentum ETF accounts for 2.7% of Capstone Wealth Management Group LLC’s portfolio, making the stock its 13th largest position. Capstone Wealth Management Group LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $6,483,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in SPMO. LPL Financial LLC raised its stake in Invesco S&P 500 Momentum ETF by 2.8% during the 4th quarter. LPL Financial LLC now owns 6,624,488 shares of the company’s stock worth $790,434,000 after buying an additional 182,485 shares during the period. CWM LLC raised its position in shares of Invesco S&P 500 Momentum ETF by 14.1% during the fourth quarter. CWM LLC now owns 2,992,182 shares of the company’s stock worth $357,027,000 after purchasing an additional 369,627 shares during the period. Bank of America Corp DE raised its position in shares of Invesco S&P 500 Momentum ETF by 15.5% during the third quarter. Bank of America Corp DE now owns 2,785,766 shares of the company’s stock worth $337,245,000 after purchasing an additional 374,417 shares during the period. Morgan Stanley lifted its holdings in shares of Invesco S&P 500 Momentum ETF by 8.1% during the 4th quarter. Morgan Stanley now owns 2,682,877 shares of the company’s stock valued at $320,121,000 after purchasing an additional 199,934 shares in the last quarter. Finally, Raymond James Financial Inc. grew its position in shares of Invesco S&P 500 Momentum ETF by 28.7% in the 4th quarter. Raymond James Financial Inc. now owns 1,726,149 shares of the company’s stock valued at $205,964,000 after purchasing an additional 385,146 shares during the period.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of SPMO stock opened at $149.42 on Wednesday. Invesco S&P 500 Momentum ETF has a 52 week low of $107.24 and a 52 week high of $162.30. The company’s 50 day moving average price is $148.58 and its two-hundred day moving average price is $129.71. The company has a market capitalization of $21.02 billion, a P/E 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.