Kingsview Wealth Management LLC Grows Position in Invesco S&P 500 Momentum ETF $SPMO

Kingsview Wealth Management LLC raised its stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 47.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 54,189 shares of the company’s stock after purchasing an additional 17,412 shares during the period. Kingsview Wealth Management LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $6,466,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Bank of America Corp DE increased its holdings in shares of Invesco S&P 500 Momentum ETF by 30.4% during the 2nd quarter. Bank of America Corp DE now owns 2,411,349 shares of the company’s stock worth $271,204,000 after buying an additional 562,290 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in Invesco S&P 500 Momentum ETF in the third quarter valued at $65,042,000. Raymond James Financial Inc. boosted its holdings 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 acquiring an additional 513,037 shares during the last quarter. Thrivent Financial for Lutherans grew its position in Invesco S&P 500 Momentum ETF by 254.4% during the fourth quarter. Thrivent Financial for Lutherans now owns 545,673 shares of the company’s stock valued at $65,356,000 after acquiring an additional 391,694 shares during the period. Finally, CWM LLC grew its position in Invesco S&P 500 Momentum ETF by 14.1% during the fourth quarter. CWM LLC now owns 2,992,182 shares of the company’s stock valued at $357,027,000 after acquiring an additional 369,627 shares during the period.

Invesco S&P 500 Momentum ETF Price Performance

Shares of NYSEARCA:SPMO opened at $150.13 on Friday. The business has a 50-day moving average of $129.59 and a two-hundred day moving average of $122.83. The firm has a market capitalization of $18.30 billion, a PE ratio of 29.51 and a beta of 1.09. Invesco S&P 500 Momentum ETF has a 12 month low of $103.99 and a 12 month high of $151.40.

Invesco S&P 500 Momentum ETF Company 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.