7,349 Shares in Invesco S&P 500 Momentum ETF $SPMO Acquired by Cosner Financial Group LLC

Cosner Financial Group LLC bought a new position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the 4th quarter, HoldingsChannel.com reports. The fund bought 7,349 shares of the company’s stock, valued at approximately $877,000. Invesco S&P 500 Momentum ETF makes up approximately 0.4% of Cosner Financial Group LLC’s investment portfolio, making the stock its 25th largest position.

A number of other institutional investors and hedge funds have also bought and sold shares of SPMO. CWM LLC lifted its holdings in shares of 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 acquiring an additional 369,627 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of 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 valued at $337,245,000 after purchasing an additional 374,417 shares during the last quarter. Vantagepoint Investment Advisers LLC purchased a new position in Invesco S&P 500 Momentum ETF in the 3rd quarter worth $317,167,000. Raymond James Financial Inc. raised its position in 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 purchasing an additional 513,037 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Invesco S&P 500 Momentum ETF by 35.3% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 1,099,802 shares of the company’s stock worth $133,142,000 after purchasing an additional 287,098 shares during the last quarter.

Invesco S&P 500 Momentum ETF Stock Up 2.3%

NYSEARCA SPMO opened at $133.79 on Friday. The firm has a market cap of $16.21 billion, a price-to-earnings ratio of 29.51 and a beta of 1.02. The company has a 50-day simple moving average of $120.37 and a two-hundred day simple moving average of $119.87. Invesco S&P 500 Momentum ETF has a 12-month low of $95.46 and a 12-month high of $133.93.

Invesco S&P 500 Momentum ETF 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.