Invesco S&P 500 Momentum ETF $SPMO Stake Boosted by Mayflower Financial Advisors LLC

Mayflower Financial Advisors LLC lifted its stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 70.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 36,604 shares of the company’s stock after purchasing an additional 15,166 shares during the quarter. Mayflower Financial Advisors LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $4,368,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Bank of America Corp DE boosted its position in Invesco S&P 500 Momentum ETF by 15.5% during the 3rd quarter. Bank of America Corp DE now owns 2,785,766 shares of the company’s stock valued at $337,245,000 after purchasing an additional 374,417 shares during the period. CWM LLC increased its position in Invesco S&P 500 Momentum ETF by 6.7% in the third quarter. CWM LLC now owns 2,622,555 shares of the company’s stock worth $317,486,000 after buying an additional 164,530 shares during the period. Vantagepoint Investment Advisers LLC bought a new stake in Invesco S&P 500 Momentum ETF in the third quarter valued at $317,167,000. Raymond James Financial Inc. lifted its stake in Invesco S&P 500 Momentum ETF by 62.0% in the third quarter. Raymond James Financial Inc. now owns 1,341,003 shares of the company’s stock valued at $162,342,000 after buying an additional 513,037 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 35.3% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 1,099,802 shares of the company’s stock valued at $133,142,000 after acquiring an additional 287,098 shares during the period.

Invesco S&P 500 Momentum ETF Stock Performance

Invesco S&P 500 Momentum ETF stock opened at $111.34 on Friday. The company has a 50-day simple moving average of $118.35 and a 200-day simple moving average of $119.42. The firm has a market capitalization of $12.64 billion, a P/E ratio of 29.51 and a beta of 0.98. Invesco S&P 500 Momentum ETF has a one year low of $78.25 and a one year high of $124.56.

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.