Onyx Bridge Wealth Group 13F: Cuts SPMO Stake by $30M

On October 16, 2026, Onyx Bridge Wealth Group disclosed it cut its position in the Invesco S&P 500 Momentum ETF (SPMO) by 200,668 shares. This reduction leaves the firm with 12,343 shares currently valued at about $1.87 million according to the filing.

What Changed in Onyx Bridge Wealth Group's Position

Onyx Bridge Wealth Group's stake in SPMO saw a dramatic decrease of 94.2%. Previously holding 213,011 shares, the firm has significantly reduced its holdings in this ETF, reflecting changes in its investment strategy.

Other Institutional Activity in SPMO

Another notable change came from Hbw Advisory Services, which cut its SPMO position by 34.2% in a filing released on October 15, 2026. This indicates a trend of large holders reassessing their investments in the fund.

Invesco S&P 500 Momentum ETF Stock Down 2.0%

Recently, SPMO traded around $141.25. This price is below its 50-day moving average of $149.43 by about 5.5% and still above its 200-day average of $136.82 by approximately 3.2%. The ETF is also about 13% below its 52-week high of $162.30, but it remains 31.7% above its 52-week low of $107.24.

About Invesco S&P 500 Momentum ETF

The Invesco S&P 500 Momentum ETF seeks to invest at least 90% of its total assets in the securities that make up the S&P 500 Momentum Index. The fund is designed for investors looking to target stocks that show strong upward price trends.

Bottom Line

Investors should watch for any further changes from Onyx Bridge Wealth Group and other large holders regarding SPMO. The recent cuts may reflect broader market trends or changes in investment strategies. The latest filing reflects holdings as of the reporting period and may not represent the investor's current position. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.