Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) Shares Sold by World Investment Advisors LLC

World Investment Advisors LLC trimmed its position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 74.0% in the third quarter, HoldingsChannel.com reports. The firm owned 5,153 shares of the company’s stock after selling 14,684 shares during the quarter. World Investment Advisors LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $467,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in SPMO. Brookstone Capital Management lifted its position in Invesco S&P 500 Momentum ETF by 131.5% in the second quarter. Brookstone Capital Management now owns 6,176 shares of the company’s stock worth $538,000 after purchasing an additional 3,508 shares during the period. Atria Wealth Solutions Inc. lifted its position in Invesco S&P 500 Momentum ETF by 43.5% in the second quarter. Atria Wealth Solutions Inc. now owns 78,072 shares of the company’s stock worth $6,828,000 after purchasing an additional 23,655 shares during the period. Concourse Financial Group Securities Inc. lifted its position in Invesco S&P 500 Momentum ETF by 103.9% in the second quarter. Concourse Financial Group Securities Inc. now owns 569 shares of the company’s stock worth $50,000 after purchasing an additional 290 shares during the period. Clear Creek Financial Management LLC lifted its position in Invesco S&P 500 Momentum ETF by 4.4% in the second quarter. Clear Creek Financial Management LLC now owns 55,135 shares of the company’s stock worth $4,822,000 after purchasing an additional 2,308 shares during the period. Finally, First Heartland Consultants Inc. bought a new position in shares of Invesco S&P 500 Momentum ETF in the second quarter valued at $574,000.

Invesco S&P 500 Momentum ETF Stock Performance

NYSEARCA SPMO opened at $97.48 on Wednesday. The stock has a market capitalization of $1.57 billion, a P/E ratio of 20.66 and a beta of 1.00. Invesco S&P 500 Momentum ETF has a 1 year low of $64.17 and a 1 year high of $98.76. The business’s fifty day moving average is $95.08 and its two-hundred day moving average is $90.15.

About Invesco S&P 500 Momentum ETF

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.