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

World Investment Advisors LLC cut its stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 74.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in SPMO. Envestnet Asset Management Inc. boosted its position in shares of Invesco S&P 500 Momentum ETF by 36.4% during the second quarter. Envestnet Asset Management Inc. now owns 5,461,136 shares of the company’s stock worth $477,631,000 after buying an additional 1,456,957 shares during the period. LPL Financial LLC boosted its position in shares of Invesco S&P 500 Momentum ETF by 33.7% during the second quarter. LPL Financial LLC now owns 1,129,339 shares of the company’s stock worth $98,772,000 after buying an additional 284,359 shares during the period. Mainstay Capital Management LLC ADV acquired a new position in shares of Invesco S&P 500 Momentum ETF during the third quarter worth approximately $23,247,000. Cambridge Investment Research Advisors Inc. boosted its position in shares of Invesco S&P 500 Momentum ETF by 505.3% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 282,635 shares of the company’s stock worth $24,719,000 after buying an additional 235,939 shares during the period. Finally, Liberty Wealth Management LLC acquired a new position in shares of Invesco S&P 500 Momentum ETF during the second quarter worth approximately $19,031,000.

Invesco S&P 500 Momentum ETF Trading Down 1.1 %

Shares of NYSEARCA SPMO opened at $97.48 on Wednesday. The stock has a 50 day simple moving average of $95.08 and a 200-day simple moving average of $90.15. The company has a market cap of $1.57 billion, a PE ratio of 20.66 and a beta of 1.00. Invesco S&P 500 Momentum ETF has a 12-month low of $64.17 and a 12-month high of $98.76.

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.