Evolution Wealth Management Inc. Increases Stock Holdings in Invesco S&P 500 Momentum ETF $SPMO

Evolution Wealth Management Inc. lifted its position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 70.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,662 shares of the company’s stock after purchasing an additional 5,252 shares during the quarter. Invesco S&P 500 Momentum ETF comprises about 1.3% of Evolution Wealth Management Inc.’s holdings, making the stock its 17th biggest holding. Evolution Wealth Management Inc.’s holdings in Invesco S&P 500 Momentum ETF were worth $1,511,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of SPMO. BNP Paribas Financial Markets grew its holdings in shares of Invesco S&P 500 Momentum ETF by 1,586.1% in the fourth quarter. BNP Paribas Financial Markets now owns 1,423,949 shares of the company’s stock valued at $169,906,000 after purchasing an additional 1,339,497 shares during the period. Bank of America Corp DE boosted its stake 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 during the period. Raymond James Financial Inc. boosted its stake in 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 worth $162,342,000 after buying an additional 513,037 shares during the period. Thrivent Financial for Lutherans boosted its stake in Invesco S&P 500 Momentum ETF by 254.4% during the fourth quarter. Thrivent Financial for Lutherans now owns 545,673 shares of the company’s stock worth $65,356,000 after buying an additional 391,694 shares during the period. Finally, CWM LLC boosted its stake in Invesco S&P 500 Momentum ETF by 14.1% during the fourth quarter. CWM LLC now owns 2,992,182 shares of the company’s stock worth $357,027,000 after buying an additional 369,627 shares during the period.

Invesco S&P 500 Momentum ETF Price Performance

Shares of SPMO stock opened at $155.09 on Thursday. The firm has a market cap of $18.91 billion, a PE ratio of 29.51 and a beta of 1.09. The company has a 50-day moving average of $132.63 and a two-hundred day moving average of $123.77. Invesco S&P 500 Momentum ETF has a 1-year low of $105.30 and a 1-year high of $155.74.

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.