Thrivent Financial for Lutherans Purchases 391,694 Shares of Invesco S&P 500 Momentum ETF $SPMO

Thrivent Financial for Lutherans raised its position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 254.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 545,673 shares of the company’s stock after acquiring an additional 391,694 shares during the period. Thrivent Financial for Lutherans owned approximately 0.48% of Invesco S&P 500 Momentum ETF worth $65,356,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. CWM LLC boosted its stake in shares of Invesco S&P 500 Momentum ETF by 14.1% during the fourth quarter. CWM LLC now owns 2,992,182 shares of the company’s stock valued at $357,027,000 after purchasing an additional 369,627 shares during the period. Bank of America Corp DE boosted its stake in shares of Invesco S&P 500 Momentum ETF by 15.5% during the third quarter. Bank of America Corp DE now owns 2,785,766 shares of the company’s stock valued at $337,245,000 after purchasing an additional 374,417 shares during the period. Vantagepoint Investment Advisers LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF during the third quarter valued at $317,167,000. Raymond James Financial Inc. boosted its stake in shares of 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 valued at $162,342,000 after purchasing an additional 513,037 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of Invesco S&P 500 Momentum ETF by 35.3% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 1,099,802 shares of the company’s stock valued at $133,142,000 after purchasing an additional 287,098 shares during the period.

Invesco S&P 500 Momentum ETF Trading Down 2.7%

Shares of SPMO opened at $143.48 on Friday. The firm has a market capitalization of $17.49 billion, a P/E ratio of 29.51 and a beta of 1.09. Invesco S&P 500 Momentum ETF has a 12-month low of $101.80 and a 12-month high of $147.87. The firm has a fifty day moving average price of $124.66 and a 200-day moving average price of $121.29.

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.