Invesco S&P 500 Momentum ETF $SPMO Shares Purchased by Dynamic Advisor Solutions LLC

Dynamic Advisor Solutions LLC grew its position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 116.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 106,101 shares of the company’s stock after buying an additional 57,149 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $12,660,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in SPMO. Bank of America Corp DE raised its holdings in shares of Invesco S&P 500 Momentum ETF by 15.5% during the third quarter. Bank of America Corp DE now owns 2,785,766 shares of the company’s stock valued at $337,245,000 after buying an additional 374,417 shares during the last quarter. CWM LLC grew its holdings in Invesco S&P 500 Momentum ETF by 6.7% in the 3rd quarter. CWM LLC now owns 2,622,555 shares of the company’s stock worth $317,486,000 after buying an additional 164,530 shares in the last quarter. Vantagepoint Investment Advisers LLC bought a new position in Invesco S&P 500 Momentum ETF in the 3rd quarter worth approximately $317,167,000. Raymond James Financial Inc. increased its position in Invesco S&P 500 Momentum ETF by 62.0% in the 3rd 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 period. Finally, Northwestern Mutual Wealth Management Co. increased its position in Invesco S&P 500 Momentum ETF by 35.3% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 1,099,802 shares of the company’s stock valued at $133,142,000 after acquiring an additional 287,098 shares during the period.

Invesco S&P 500 Momentum ETF Price Performance

Shares of Invesco S&P 500 Momentum ETF stock opened at $113.78 on Monday. Invesco S&P 500 Momentum ETF has a 1-year low of $78.25 and a 1-year high of $124.56. The business’s fifty day moving average price is $118.81 and its two-hundred day moving average price is $119.55. The company has a market capitalization of $12.92 billion, a P/E ratio of 29.51 and a beta of 0.98.

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.