Invesco S&P 500 Momentum ETF $SPMO Shares Acquired by Trademark Financial Management LLC

Trademark Financial Management LLC raised its position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 69.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 59,045 shares of the company’s stock after purchasing an additional 24,273 shares during the period. Invesco S&P 500 Momentum ETF accounts for approximately 3.9% of Trademark Financial Management LLC’s portfolio, making the stock its 6th largest position. Trademark Financial Management LLC owned 0.05% of Invesco S&P 500 Momentum ETF worth $7,045,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. CWM LLC lifted its holdings in Invesco S&P 500 Momentum ETF by 14.1% in the fourth quarter. CWM LLC now owns 2,992,182 shares of the company’s stock valued at $357,027,000 after buying an additional 369,627 shares during the period. Bank of America Corp DE grew its holdings in Invesco S&P 500 Momentum ETF by 15.5% during 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 during the period. Vantagepoint Investment Advisers LLC bought a new position in shares of Invesco S&P 500 Momentum ETF in the 3rd quarter worth about $317,167,000. Raymond James Financial Inc. raised its position 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 worth $162,342,000 after acquiring an additional 513,037 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of Invesco S&P 500 Momentum ETF by 35.3% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 1,099,802 shares of the company’s stock worth $133,142,000 after acquiring an additional 287,098 shares in the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

Shares of NYSEARCA:SPMO opened at $126.65 on Wednesday. The company has a market capitalization of $14.83 billion, a price-to-earnings ratio of 29.51 and a beta of 1.02. The business’s 50-day moving average is $118.70 and its 200-day moving average is $119.34. Invesco S&P 500 Momentum ETF has a 1 year low of $86.88 and a 1 year high of $128.51.

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.