Invesco S&P 500 Momentum ETF $SPMO Stock Position Lifted by Invst LLC

Invst LLC boosted its stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 8.9% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 306,818 shares of the company’s stock after purchasing an additional 25,006 shares during the period. Invesco S&P 500 Momentum ETF comprises approximately 4.0% of Invst LLC’s holdings, making the stock its 2nd largest position. Invst LLC owned approximately 0.27% of Invesco S&P 500 Momentum ETF worth $36,610,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SPMO. BNP Paribas Financial Markets grew its position in Invesco S&P 500 Momentum ETF by 1,586.1% during the fourth quarter. BNP Paribas Financial Markets now owns 1,423,949 shares of the company’s stock valued at $169,906,000 after purchasing an additional 1,339,497 shares in the last quarter. Bank of America Corp DE grew its position in Invesco S&P 500 Momentum ETF by 30.4% during the second quarter. Bank of America Corp DE now owns 2,411,349 shares of the company’s stock valued at $271,204,000 after purchasing an additional 562,290 shares in the last quarter. Raymond James Financial Inc. grew its position in Invesco S&P 500 Momentum ETF by 62.0% during the third quarter. Raymond James Financial Inc. now owns 1,341,003 shares of the company’s stock valued at $162,342,000 after purchasing an additional 513,037 shares in 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 purchasing an additional 391,694 shares in the last quarter. 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 purchasing an additional 369,627 shares in the last quarter.

Invesco S&P 500 Momentum ETF Stock Down 5.6%

SPMO stock opened at $144.28 on Friday. The company has a market capitalization of $17.59 billion, a price-to-earnings ratio of 29.51 and a beta of 1.11. Invesco S&P 500 Momentum ETF has a 12 month low of $105.74 and a 12 month high of $155.74. The firm has a 50 day moving average of $133.97 and a two-hundred day moving average of $124.16.

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.