Bush Investment Group LLC Has $1.82 Million Stock Holdings in Invesco S&P 500 Momentum ETF $SPMO

Bush Investment Group LLC boosted its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 48.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,279 shares of the company’s stock after acquiring an additional 4,952 shares during the period. Invesco S&P 500 Momentum ETF makes up approximately 1.0% of Bush Investment Group LLC’s investment portfolio, making the stock its 24th largest holding. Bush Investment Group LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $1,823,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. LPL Financial LLC increased its stake in Invesco S&P 500 Momentum ETF by 2.8% during the 4th quarter. LPL Financial LLC now owns 6,624,488 shares of the company’s stock worth $790,434,000 after purchasing an additional 182,485 shares in the last quarter. CWM LLC raised its stake in shares of 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 valued at $357,027,000 after purchasing an additional 369,627 shares during the period. Bank of America Corp DE lifted its holdings in shares of Invesco S&P 500 Momentum ETF by 15.5% in 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 purchasing an additional 374,417 shares in the last quarter. Morgan Stanley lifted its holdings in shares of Invesco S&P 500 Momentum ETF by 8.1% in the fourth quarter. Morgan Stanley now owns 2,682,877 shares of the company’s stock valued at $320,121,000 after purchasing an additional 199,934 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its position in shares of Invesco S&P 500 Momentum ETF by 28.7% during the fourth quarter. Raymond James Financial Inc. now owns 1,726,149 shares of the company’s stock worth $205,964,000 after buying an additional 385,146 shares during the period.

Invesco S&P 500 Momentum ETF Stock Performance

NYSEARCA:SPMO opened at $159.90 on Friday. The stock has a 50-day simple moving average of $141.78 and a 200 day simple moving average of $126.66. Invesco S&P 500 Momentum ETF has a 52-week low of $106.57 and a 52-week high of $160.65. The company has a market cap of $19.50 billion, a PE ratio of 29.51 and a beta of 1.11.

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.