Gateway Wealth Partners LLC Acquires Shares of 5,010 Invesco S&P 500 Momentum ETF $SPMO

Gateway Wealth Partners LLC bought a new stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,010 shares of the company’s stock, valued at approximately $562,000.

Several other institutional investors have also recently made changes to their positions in the company. LPL Financial LLC grew its holdings in Invesco S&P 500 Momentum ETF by 2.8% during the 4th quarter. LPL Financial LLC now owns 6,624,488 shares of the company’s stock valued at $790,434,000 after purchasing an additional 182,485 shares during the last quarter. CWM LLC raised its position in Invesco S&P 500 Momentum ETF by 14.1% in the 4th quarter. CWM LLC now owns 2,992,182 shares of the company’s stock worth $357,027,000 after purchasing an additional 369,627 shares during the period. Bank of America Corp DE lifted its stake in Invesco S&P 500 Momentum ETF by 15.5% in the third quarter. Bank of America Corp DE now owns 2,785,766 shares of the company’s stock worth $337,245,000 after purchasing an additional 374,417 shares during the last quarter. Morgan Stanley lifted its stake in Invesco S&P 500 Momentum ETF by 8.1% in the fourth quarter. Morgan Stanley now owns 2,682,877 shares of the company’s stock worth $320,121,000 after purchasing an additional 199,934 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its stake in Invesco S&P 500 Momentum ETF by 28.7% in the fourth quarter. Raymond James Financial Inc. now owns 1,726,149 shares of the company’s stock worth $205,964,000 after purchasing an additional 385,146 shares during the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

Shares of NYSEARCA:SPMO opened at $143.42 on Friday. The firm has a market capitalization of $20.80 billion, a PE ratio of 29.51 and a beta of 1.09. The business has a 50 day simple moving average of $150.94 and a two-hundred day simple moving average of $132.97. Invesco S&P 500 Momentum ETF has a 1 year low of $107.24 and a 1 year high of $162.30.

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.