Detalus Advisors LLC Grows Stake in Invesco S&P 500 Momentum ETF $SPMO

Detalus Advisors LLC lifted its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 7.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 76,156 shares of the company’s stock after buying an additional 4,996 shares during the quarter. Invesco S&P 500 Momentum ETF makes up about 1.9% of Detalus Advisors LLC’s portfolio, making the stock its 10th biggest position. Detalus Advisors LLC owned 0.06% of Invesco S&P 500 Momentum ETF worth $8,538,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. LPL Financial LLC boosted its stake in shares of Invesco S&P 500 Momentum ETF by 2.8% during the fourth quarter. LPL Financial LLC now owns 6,624,488 shares of the company’s stock valued at $790,434,000 after purchasing an additional 182,485 shares during the period. CWM LLC increased its stake in Invesco S&P 500 Momentum ETF by 14.1% in the 4th 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. Bank of America Corp DE lifted its holdings in 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 in the last quarter. Morgan Stanley lifted its holdings in Invesco S&P 500 Momentum ETF by 8.1% during the 4th quarter. Morgan Stanley now owns 2,682,877 shares of the company’s stock valued at $320,121,000 after buying an additional 199,934 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its position in Invesco S&P 500 Momentum ETF by 28.7% in the 4th quarter. Raymond James Financial Inc. now owns 1,726,149 shares of the company’s stock valued at $205,964,000 after buying an additional 385,146 shares during the period.

Invesco S&P 500 Momentum ETF Price Performance

Shares of SPMO stock opened at $154.20 on Monday. The company has a market capitalization of $18.80 billion, a P/E ratio of 29.51 and a beta of 1.11. The company’s 50-day simple moving average is $144.97 and its two-hundred day simple moving average is $128.01. Invesco S&P 500 Momentum ETF has a one year low of $107.24 and a one year high of $162.30.

Invesco S&P 500 Momentum ETF 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.