Ameriprise Financial Inc. Grows Holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Ameriprise Financial Inc. grew its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 31.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,499 shares of the company’s stock after purchasing an additional 1,793 shares during the quarter. Ameriprise Financial Inc.’s holdings in Invesco S&P 500 Momentum ETF were worth $712,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Invesco S&P 500 Momentum ETF during the 4th quarter worth $48,000. Comerica Bank purchased a new stake in shares of Invesco S&P 500 Momentum ETF in the 4th quarter valued at about $68,000. Glass Jacobson Investment Advisors llc raised its holdings in shares of Invesco S&P 500 Momentum ETF by 607.6% in the 4th quarter. Glass Jacobson Investment Advisors llc now owns 842 shares of the company’s stock valued at $80,000 after acquiring an additional 723 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Invesco S&P 500 Momentum ETF by 28.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,058 shares of the company’s stock valued at $101,000 after buying an additional 232 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. purchased a new position in shares of Invesco S&P 500 Momentum ETF during the 4th quarter valued at about $148,000.

Invesco S&P 500 Momentum ETF Trading Up 1.0%

Shares of NYSEARCA SPMO opened at $106.43 on Tuesday. The stock’s 50-day moving average is $95.60 and its 200 day moving average is $96.87. The stock has a market cap of $8.00 billion, a price-to-earnings ratio of 27.23 and a beta of 0.97. Invesco S&P 500 Momentum ETF has a 1-year low of $76.75 and a 1-year high of $106.52.

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.