Patriot Financial Group Insurance Agency LLC Grows Stock Position in Invesco S&P 500 Momentum ETF $SPMO
by Doug Wharley · The Cerbat GemPatriot Financial Group Insurance Agency LLC raised its stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 52.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 17,325 shares of the company’s stock after buying an additional 5,985 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $2,067,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of the stock. CWM LLC raised its stake in shares of Invesco S&P 500 Momentum ETF by 14.1% during the 4th quarter. CWM LLC now owns 2,992,182 shares of the company’s stock valued at $357,027,000 after buying an additional 369,627 shares during the last quarter. Bank of America Corp DE raised its stake 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. Vantagepoint Investment Advisers LLC purchased a new position in shares of Invesco S&P 500 Momentum ETF during the 3rd quarter valued at about $317,167,000. 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 valued at $162,342,000 after buying an additional 513,037 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake 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 valued at $133,142,000 after buying an additional 287,098 shares during the last quarter.
Invesco S&P 500 Momentum ETF Stock Up 1.2%
Shares of Invesco S&P 500 Momentum ETF stock opened at $128.30 on Friday. Invesco S&P 500 Momentum ETF has a twelve month low of $84.86 and a twelve month high of $128.43. The business has a 50-day moving average price of $118.46 and a 200 day moving average price of $119.27. The firm has a market cap of $14.94 billion, a PE ratio of 29.51 and a beta of 1.02.
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.