Invesco S&P 500 Momentum ETF $SPMO Shares Bought by NewEdge Advisors LLC

NewEdge Advisors LLC increased its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 3.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 141,030 shares of the company’s stock after purchasing an additional 4,783 shares during the quarter. NewEdge Advisors LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $15,811,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SPMO. BNP Paribas Financial Markets boosted 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 acquiring an additional 1,339,497 shares in the last quarter. Bank of America Corp DE raised its position in shares of Invesco S&P 500 Momentum ETF by 30.4% during the second 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. lifted its holdings in shares of Invesco S&P 500 Momentum ETF by 75.9% during the fourth quarter. JPMorgan Chase & Co. now owns 1,231,078 shares of the company’s stock valued at $146,892,000 after purchasing an additional 531,093 shares during the last quarter. Raymond James Financial Inc. lifted its holdings 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 valued at $162,342,000 after purchasing an additional 513,037 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its position in shares of Invesco S&P 500 Momentum ETF by 254.4% in the 4th quarter. Thrivent Financial for Lutherans now owns 545,673 shares of the company’s stock valued at $65,356,000 after purchasing an additional 391,694 shares during the period.

Invesco S&P 500 Momentum ETF Trading Up 0.4%

Shares of SPMO opened at $149.69 on Friday. The business’s 50-day moving average price is $150.93 and its 200 day moving average price is $134.07. The stock has a market capitalization of $21.92 billion, a P/E ratio of 29.51 and a beta of 1.10. Invesco S&P 500 Momentum ETF has a 1-year low of $107.24 and a 1-year high of $162.30.

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.