BNP Paribas Financial Markets Boosts Stock Position in Invesco S&P 500 Momentum ETF $SPMO

BNP Paribas Financial Markets raised its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 1,586.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,423,949 shares of the company’s stock after purchasing an additional 1,339,497 shares during the period. BNP Paribas Financial Markets’ holdings in Invesco S&P 500 Momentum ETF were worth $169,906,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Lantern Wealth Advisors LLC boosted its stake in Invesco S&P 500 Momentum ETF by 3.5% in the third quarter. Lantern Wealth Advisors LLC now owns 2,634 shares of the company’s stock valued at $319,000 after acquiring an additional 88 shares in the last quarter. Caliber Wealth Management LLC KS boosted its stake in Invesco S&P 500 Momentum ETF by 4.9% in the third quarter. Caliber Wealth Management LLC KS now owns 1,945 shares of the company’s stock valued at $235,000 after acquiring an additional 90 shares in the last quarter. LexAurum Advisors LLC boosted its stake in shares of Invesco S&P 500 Momentum ETF by 4.3% during the third quarter. LexAurum Advisors LLC now owns 2,225 shares of the company’s stock worth $269,000 after buying an additional 92 shares during the period. GK Wealth Management LLC boosted its stake in shares of Invesco S&P 500 Momentum ETF by 4.1% during the third quarter. GK Wealth Management LLC now owns 2,497 shares of the company’s stock worth $302,000 after buying an additional 99 shares during the period. Finally, Fourth Dimension Wealth LLC boosted its stake in shares of Invesco S&P 500 Momentum ETF by 25.0% during the third quarter. Fourth Dimension Wealth LLC now owns 500 shares of the company’s stock worth $61,000 after buying an additional 100 shares during the period.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of SPMO opened at $150.59 on Friday. Invesco S&P 500 Momentum ETF has a fifty-two week low of $103.99 and a fifty-two week high of $151.91. The company has a market capitalization of $18.36 billion, a price-to-earnings ratio of 29.51 and a beta of 1.09. The firm has a 50-day simple moving average of $130.28 and a 200-day simple moving average of $123.02.

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.