Northwestern Mutual Wealth Management Co. Acquires 277,103 Shares of Invesco S&P 500 Momentum ETF $SPMO

Northwestern Mutual Wealth Management Co. lifted its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 25.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,376,905 shares of the company’s stock after acquiring an additional 277,103 shares during the period. Northwestern Mutual Wealth Management Co. owned approximately 1.21% of Invesco S&P 500 Momentum ETF worth $164,292,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. CWM LLC raised its position 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 worth $357,027,000 after acquiring an additional 369,627 shares in the last quarter. Bank of America Corp DE raised its position in shares of Invesco S&P 500 Momentum ETF by 15.5% in the 3rd quarter. Bank of America Corp DE now owns 2,785,766 shares of the company’s stock worth $337,245,000 after acquiring an additional 374,417 shares in the last quarter. Raymond James Financial Inc. increased its stake in shares of Invesco S&P 500 Momentum ETF by 62.0% in the 3rd quarter. Raymond James Financial Inc. now owns 1,341,003 shares of the company’s stock valued at $162,342,000 after acquiring an additional 513,037 shares in the last quarter. Money Concepts Capital Corp increased its stake in shares of Invesco S&P 500 Momentum ETF by 1.8% in the 4th quarter. Money Concepts Capital Corp now owns 1,015,733 shares of the company’s stock valued at $121,197,000 after acquiring an additional 17,868 shares in the last quarter. Finally, Orion Porfolio Solutions LLC increased its stake in shares of Invesco S&P 500 Momentum ETF by 37.3% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 978,370 shares of the company’s stock valued at $110,037,000 after acquiring an additional 265,820 shares in the last quarter.

Invesco S&P 500 Momentum ETF Stock Up 0.4%

NYSEARCA:SPMO opened at $150.13 on Friday. The company has a fifty day moving average of $129.59 and a 200-day moving average of $122.83. The firm has a market capitalization of $18.30 billion, a P/E ratio of 29.51 and a beta of 1.09. Invesco S&P 500 Momentum ETF has a twelve month low of $103.99 and a twelve month high of $151.40.

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.