Robertson Stephens Wealth Management LLC Sells 5,562 Shares of Invesco S&P 500 Momentum ETF $SPMO

Robertson Stephens Wealth Management LLC lowered its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 11.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 42,711 shares of the company’s stock after selling 5,562 shares during the period. Robertson Stephens Wealth Management LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $6,474,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SG Americas Securities LLC increased its holdings in shares of Invesco S&P 500 Momentum ETF by 8.0% during the first quarter. SG Americas Securities LLC now owns 1,169 shares of the company’s stock worth $131,000 after buying an additional 87 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of 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 worth $40,000 after buying an additional 93 shares in the last quarter. Peregrine Asset Advisers Inc. lifted its stake in shares of Invesco S&P 500 Momentum ETF by 3.1% in the 1st quarter. Peregrine Asset Advisers Inc. now owns 3,282 shares of the company’s stock valued at $368,000 after acquiring an additional 100 shares during the last quarter. Eagle Strategies LLC lifted its stake in shares of Invesco S&P 500 Momentum ETF by 6.4% in the 3rd quarter. Eagle Strategies LLC now owns 1,703 shares of the company’s stock valued at $258,000 after acquiring an additional 102 shares during the last quarter. Finally, City Center Advisors LLC lifted its stake in shares of Invesco S&P 500 Momentum ETF by 8.2% in the 3rd quarter. City Center Advisors LLC now owns 1,357 shares of the company’s stock valued at $206,000 after acquiring an additional 103 shares during the last quarter.

Invesco S&P 500 Momentum ETF Stock Down 2.3%

NYSEARCA SPMO opened at $140.89 on Friday. Invesco S&P 500 Momentum ETF has a twelve month low of $107.24 and a twelve month high of $162.30. The company has a market cap of $21.74 billion, a price-to-earnings ratio of 29.51 and a beta of 1.10. The business’s fifty day moving average is $149.27 and its 200 day moving average is $144.95.

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.