Bank of Nova Scotia Buys Shares of 10,200 Invesco S&P 500 Momentum ETF $SPMO

Bank of Nova Scotia purchased a new stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 10,200 shares of the company’s stock, valued at approximately $1,149,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BNP Paribas Financial Markets raised its position 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 valued at $169,906,000 after buying an additional 1,339,497 shares during the period. Bank of America Corp DE grew its position in Invesco S&P 500 Momentum ETF by 30.4% in the second quarter. Bank of America Corp DE now owns 2,411,349 shares of the company’s stock worth $271,204,000 after acquiring an additional 562,290 shares during the period. JPMorgan Chase & Co. grew its position in Invesco S&P 500 Momentum ETF by 75.9% in the fourth quarter. JPMorgan Chase & Co. now owns 1,231,078 shares of the company’s stock worth $146,892,000 after acquiring an additional 531,093 shares during the period. Raymond James Financial Inc. increased its stake in 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 Invesco S&P 500 Momentum ETF by 254.4% in the fourth 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 Stock Down 3.2%

NYSEARCA:SPMO opened at $136.37 on Thursday. Invesco S&P 500 Momentum ETF has a 52 week low of $107.24 and a 52 week high of $162.30. The stock’s fifty day moving average is $150.97 and its two-hundred day moving average is $132.81. The company has a market capitalization of $19.78 billion, a P/E ratio of 29.51 and a beta of 1.09.

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.