LPL Financial LLC Buys 182,485 Shares of Invesco S&P 500 Momentum ETF $SPMO

LPL Financial LLC increased its stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 2.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,624,488 shares of the company’s stock after acquiring an additional 182,485 shares during the quarter. LPL Financial LLC owned approximately 5.83% of Invesco S&P 500 Momentum ETF worth $790,434,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of SPMO. BNP Paribas Financial Markets grew its position in Invesco S&P 500 Momentum ETF by 1,586.1% during the 4th quarter. BNP Paribas Financial Markets now owns 1,423,949 shares of the company’s stock worth $169,906,000 after acquiring an additional 1,339,497 shares during the last quarter. Bank of America Corp DE grew its position in 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 acquiring an additional 562,290 shares during the last quarter. JPMorgan Chase & Co. grew its position in Invesco S&P 500 Momentum ETF by 75.9% during the 4th quarter. JPMorgan Chase & Co. now owns 1,231,078 shares of the company’s stock worth $146,892,000 after acquiring an additional 531,093 shares during the last quarter. Raymond James Financial Inc. grew its position in Invesco S&P 500 Momentum ETF by 62.0% during the 3rd quarter. Raymond James Financial Inc. now owns 1,341,003 shares of the company’s stock worth $162,342,000 after acquiring an additional 513,037 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its position in Invesco S&P 500 Momentum ETF by 254.4% during the 4th quarter. Thrivent Financial for Lutherans now owns 545,673 shares of the company’s stock worth $65,356,000 after acquiring an additional 391,694 shares during the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

SPMO opened at $144.28 on Monday. The stock’s 50 day simple moving average is $133.97 and its 200 day simple moving average is $124.21. Invesco S&P 500 Momentum ETF has a 1 year low of $105.74 and a 1 year high of $155.74. The firm has a market cap of $17.59 billion, a price-to-earnings ratio of 29.51 and a beta of 1.11.

Invesco S&P 500 Momentum ETF 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.