Invesco S&P 500 Momentum ETF $SPMO Stake Boosted by Ascent Group LLC

Ascent Group LLC boosted its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 68.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 252,643 shares of the company’s stock after purchasing an additional 102,587 shares during the quarter. Invesco S&P 500 Momentum ETF makes up about 1.0% of Ascent Group LLC’s investment portfolio, making the stock its 20th largest holding. Ascent Group LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $30,145,000 as of its most recent SEC filing.

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

Invesco S&P 500 Momentum ETF Price Performance

Shares of SPMO opened at $114.74 on Friday. The company has a market cap of $13.11 billion, a P/E ratio of 29.51 and a beta of 0.98. The stock has a fifty day moving average price of $117.62 and a 200 day moving average price of $119.11. Invesco S&P 500 Momentum ETF has a 12 month low of $78.25 and a 12 month high of $124.56.

Invesco S&P 500 Momentum ETF Company 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.