Independent Financial Group LLC Takes $5.88 Million Position in Invesco S&P 500 Momentum ETF $SPMO

Independent Financial Group LLC bought a new position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 52,442 shares of the company’s stock, valued at approximately $5,879,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SPMO. BNP Paribas Financial Markets increased its position in Invesco S&P 500 Momentum ETF by 1,586.1% in the 4th quarter. BNP Paribas Financial Markets now owns 1,423,949 shares of the company’s stock valued at $169,906,000 after acquiring an additional 1,339,497 shares during the period. Bank of America Corp DE raised its stake in Invesco S&P 500 Momentum ETF by 30.4% during 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 acquiring an additional 562,290 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Invesco S&P 500 Momentum ETF by 75.9% during the 4th 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. lifted its position in Invesco S&P 500 Momentum ETF by 62.0% during the 3rd 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 period. Finally, Thrivent Financial for Lutherans lifted its position in Invesco S&P 500 Momentum ETF by 254.4% during the 4th 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 period.

Invesco S&P 500 Momentum ETF Trading Down 3.1%

Shares of SPMO stock opened at $145.28 on Friday. The company has a market capitalization of $20.80 billion, a P/E ratio of 29.51 and a beta of 1.09. The business’s 50 day moving average is $150.77 and its two-hundred day moving average is $131.21. Invesco S&P 500 Momentum ETF has a twelve month low of $107.24 and a twelve month high of $162.30.

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.