BNB Wealth Management LLC Invests $5.75 Million in Invesco S&P 500 Momentum ETF $SPMO

BNB Wealth Management LLC bought a new position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 48,162 shares of the company’s stock, valued at approximately $5,747,000. Invesco S&P 500 Momentum ETF accounts for 3.7% of BNB Wealth Management LLC’s investment portfolio, making the stock its 6th largest holding.

A number of other hedge funds also recently made changes to their positions in SPMO. BNP Paribas Financial Markets raised its stake in shares of Invesco S&P 500 Momentum ETF by 1,586.1% during the 4th quarter. BNP Paribas Financial Markets now owns 1,423,949 shares of the company’s stock worth $169,906,000 after purchasing an additional 1,339,497 shares during the period. Bank of America Corp DE raised its stake in shares of Invesco S&P 500 Momentum ETF by 30.4% during the 2nd quarter. Bank of America Corp DE now owns 2,411,349 shares of the company’s stock worth $271,204,000 after purchasing an additional 562,290 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Invesco S&P 500 Momentum ETF by 75.9% during the 4th quarter. JPMorgan Chase & Co. now owns 1,231,078 shares of the company’s stock worth $146,892,000 after purchasing an additional 531,093 shares during the period. Raymond James Financial Inc. raised its stake in shares of Invesco S&P 500 Momentum ETF by 62.0% during the 3rd quarter. Raymond James Financial Inc. now owns 1,341,003 shares of the company’s stock worth $162,342,000 after purchasing an additional 513,037 shares during the period. Finally, Thrivent Financial for Lutherans raised its stake in shares of Invesco S&P 500 Momentum ETF by 254.4% during the 4th quarter. Thrivent Financial for Lutherans now owns 545,673 shares of the company’s stock worth $65,356,000 after purchasing an additional 391,694 shares during the period.

Invesco S&P 500 Momentum ETF Price Performance

NYSEARCA SPMO opened at $155.49 on Thursday. The stock has a market capitalization of $18.96 billion, a price-to-earnings ratio of 29.51 and a beta of 1.11. Invesco S&P 500 Momentum ETF has a one year low of $106.57 and a one year high of $158.95. The business’s fifty day moving average is $140.14 and its 200-day moving average is $126.15.

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.