US Bancorp DE Boosts Stock Position in Invesco S&P 500 Momentum ETF $SPMO

US Bancorp DE increased its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 6.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,298 shares of the company’s stock after buying an additional 1,553 shares during the period. US Bancorp DE’s holdings in Invesco S&P 500 Momentum ETF were worth $2,958,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Sowell Financial Services LLC bought a new position in shares of Invesco S&P 500 Momentum ETF during the first quarter valued at approximately $202,000. Triad Wealth Partners LLC grew its position in shares of Invesco S&P 500 Momentum ETF by 22.3% during the second quarter. Triad Wealth Partners LLC now owns 46,710 shares of the company’s stock worth $5,254,000 after acquiring an additional 8,503 shares during the last quarter. WJ Wealth Management LLC grew its position in shares of Invesco S&P 500 Momentum ETF by 54.8% during the first quarter. WJ Wealth Management LLC now owns 88,679 shares of the company’s stock worth $8,205,000 after acquiring an additional 31,407 shares during the last quarter. Dynamic Advisor Solutions LLC bought a new position in shares of Invesco S&P 500 Momentum ETF during the first quarter worth about $1,190,000. Finally, Stephens Inc. AR bought a new position in Invesco S&P 500 Momentum ETF in the 1st quarter worth about $400,000.

Invesco S&P 500 Momentum ETF Price Performance

Shares of SPMO stock opened at $120.55 on Wednesday. Invesco S&P 500 Momentum ETF has a 12-month low of $78.25 and a 12-month high of $122.53. The firm has a market capitalization of $13.14 billion, a price-to-earnings ratio of 29.51 and a beta of 0.89. The business has a 50 day simple moving average of $118.83 and a 200 day simple moving average of $108.64.

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.