Invesco S&P 500 Momentum ETF $SPMO Shares Acquired by Brookstone Capital Management

Brookstone Capital Management increased its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 1,525.4% during the third quarter, HoldingsChannel.com reports. The fund owned 195,748 shares of the company’s stock after buying an additional 183,705 shares during the period. Brookstone Capital Management’s holdings in Invesco S&P 500 Momentum ETF were worth $23,697,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Envestnet Asset Management Inc. lifted its stake in Invesco S&P 500 Momentum ETF by 35.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 8,166,537 shares of the company’s stock worth $918,490,000 after purchasing an additional 2,151,980 shares in the last quarter. Mainstay Capital Management LLC ADV grew its position in shares of Invesco S&P 500 Momentum ETF by 111.9% in the second quarter. Mainstay Capital Management LLC ADV now owns 2,628,653 shares of the company’s stock valued at $295,645,000 after purchasing an additional 1,388,287 shares in the last quarter. CWM LLC increased its holdings in shares of Invesco S&P 500 Momentum ETF by 87.2% in the second quarter. CWM LLC now owns 2,458,025 shares of the company’s stock valued at $276,454,000 after purchasing an additional 1,144,827 shares during the last quarter. Osaic Holdings Inc. increased its holdings in shares of Invesco S&P 500 Momentum ETF by 126.3% in the second quarter. Osaic Holdings Inc. now owns 1,097,393 shares of the company’s stock valued at $120,105,000 after purchasing an additional 612,432 shares during the last quarter. Finally, Bank of America Corp DE lifted 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 worth $271,204,000 after buying an additional 562,290 shares in the last quarter.

Invesco S&P 500 Momentum ETF Stock Performance

NYSEARCA SPMO opened at $121.45 on Thursday. The stock’s fifty day moving average is $119.62 and its two-hundred day moving average is $116.96. The firm has a market capitalization of $13.27 billion, a P/E ratio of 29.51 and a beta of 0.98. Invesco S&P 500 Momentum ETF has a fifty-two week low of $78.25 and a fifty-two week 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.