Envestnet Portfolio Solutions Inc. Has $10.24 Million Stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Envestnet Portfolio Solutions Inc. decreased its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 20.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 107,731 shares of the company’s stock after selling 27,477 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Invesco S&P 500 Momentum ETF were worth $10,236,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in SPMO. Mainstay Capital Management LLC ADV lifted its stake in Invesco S&P 500 Momentum ETF by 374.5% in the fourth quarter. Mainstay Capital Management LLC ADV now owns 1,216,892 shares of the company’s stock valued at $115,617,000 after buying an additional 960,418 shares during the period. World Investment Advisors LLC lifted its stake in Invesco S&P 500 Momentum ETF by 1,416.7% in the third quarter. World Investment Advisors LLC now owns 300,875 shares of the company’s stock valued at $27,271,000 after buying an additional 281,038 shares during the period. Austin Private Wealth LLC acquired a new position in Invesco S&P 500 Momentum ETF in the fourth quarter valued at about $14,567,000. Raymond James Financial Inc. acquired a new position in Invesco S&P 500 Momentum ETF in the fourth quarter valued at about $14,373,000. Finally, Fortis Group Advisors LLC increased its holdings in shares of Invesco S&P 500 Momentum ETF by 93.7% in the fourth quarter. Fortis Group Advisors LLC now owns 288,988 shares of the company’s stock worth $27,457,000 after acquiring an additional 139,785 shares in the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

Shares of Invesco S&P 500 Momentum ETF stock opened at $93.86 on Monday. Invesco S&P 500 Momentum ETF has a 1 year low of $74.40 and a 1 year high of $103.44. The business has a 50-day moving average of $98.77 and a two-hundred day moving average of $95.23. The company has a market capitalization of $5.23 billion, a P/E ratio of 24.89 and a beta of 0.93.

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.