Signet Private Wealth LLC Makes New Investment in Invesco S&P 500 Momentum ETF $SPMO

Signet Private Wealth LLC bought a new position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 15,891 shares of the company’s stock, valued at approximately $1,896,000. Invesco S&P 500 Momentum ETF comprises about 1.8% of Signet Private Wealth LLC’s portfolio, making the stock its 13th largest position.

Other large investors also recently modified their holdings of the company. BNP Paribas Financial Markets increased 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 in the last quarter. Bank of America Corp DE increased its stake in shares of Invesco S&P 500 Momentum ETF by 30.4% in the 2nd quarter. Bank of America Corp DE now owns 2,411,349 shares of the company’s stock valued at $271,204,000 after buying an additional 562,290 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Invesco S&P 500 Momentum ETF by 75.9% in the 4th quarter. JPMorgan Chase & Co. now owns 1,231,078 shares of the company’s stock valued at $146,892,000 after buying an additional 531,093 shares during the period. Raymond James Financial Inc. raised its position in shares of 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 acquiring an additional 513,037 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its position in shares of 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 acquiring an additional 391,694 shares during the last quarter.

Invesco S&P 500 Momentum ETF Stock Down 2.6%

Shares of SPMO opened at $143.68 on Thursday. The stock’s fifty day simple moving average is $136.16 and its 200-day simple moving average is $124.86. The firm has a market capitalization of $17.52 billion, a PE ratio of 29.51 and a beta of 1.11. Invesco S&P 500 Momentum ETF has a 12-month low of $105.74 and a 12-month high of $155.74.

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.