Brookstone Capital Management Lowers Holdings in Invesco S&P 500 Momentum ETF $SPMO

Brookstone Capital Management trimmed its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 93.0% in the 1st quarter, HoldingsChannel reports. The firm owned 10,972 shares of the company’s stock after selling 145,983 shares during the quarter. Brookstone Capital Management’s holdings in Invesco S&P 500 Momentum ETF were worth $1,230,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in SPMO. Dynamic Advisor Solutions LLC lifted its holdings in shares of Invesco S&P 500 Momentum ETF by 116.7% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 106,101 shares of the company’s stock worth $12,660,000 after buying an additional 57,149 shares in the last quarter. IFP Advisors Inc grew its stake in Invesco S&P 500 Momentum ETF by 98.0% during the third quarter. IFP Advisors Inc now owns 10,833 shares of the company’s stock valued at $1,311,000 after acquiring an additional 5,361 shares in the last quarter. CIBC Private Wealth Group LLC grew its stake in Invesco S&P 500 Momentum ETF by 7,363.6% during the third quarter. CIBC Private Wealth Group LLC now owns 15,972 shares of the company’s stock valued at $1,934,000 after acquiring an additional 15,758 shares in the last quarter. Able Wealth Management LLC increased its holdings in Invesco S&P 500 Momentum ETF by 13.0% in the 4th quarter. Able Wealth Management LLC now owns 120,379 shares of the company’s stock valued at $14,364,000 after acquiring an additional 13,883 shares during the last quarter. Finally, Hutchens & Kramer Investment Management Group LLC increased its holdings in Invesco S&P 500 Momentum ETF by 1,035.6% in the 4th quarter. Hutchens & Kramer Investment Management Group LLC now owns 19,646 shares of the company’s stock valued at $2,344,000 after acquiring an additional 17,916 shares during the last quarter.

Invesco S&P 500 Momentum ETF Stock Up 3.8%

Shares of SPMO stock opened at $159.64 on Friday. The company’s fifty day simple moving average is $144.42 and its two-hundred day simple moving average is $127.77. Invesco S&P 500 Momentum ETF has a 52 week low of $107.24 and a 52 week high of $162.30. The stock has a market cap of $19.46 billion, a P/E ratio of 29.51 and a beta of 1.11.

Invesco S&P 500 Momentum ETF Profile

(Free Report)

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.

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