Bank of America Corp DE lifted its holdings in Invesco S&P 500 Value with Momentum ETF (NYSEARCA:SPVM – Free Report) by 12.3% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 36,186 shares of the company’s stock after buying an additional 3,958 shares during the period. Bank of America Corp DE owned approximately 4.76% of Invesco S&P 500 Value with Momentum ETF worth $2,081,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of SPVM. Raymond James Financial Inc. purchased a new position in shares of Invesco S&P 500 Value with Momentum ETF in the 4th quarter worth approximately $1,550,000. LPL Financial LLC grew its stake in Invesco S&P 500 Value with Momentum ETF by 4.2% in the 4th quarter. LPL Financial LLC now owns 73,515 shares of the company’s stock valued at $4,229,000 after buying an additional 2,935 shares in the last quarter. Finally, Accent Capital Management LLC purchased a new position in Invesco S&P 500 Value with Momentum ETF in the 4th quarter valued at approximately $58,000.
Invesco S&P 500 Value with Momentum ETF Trading Down 0.1%
Invesco S&P 500 Value with Momentum ETF stock opened at $57.85 on Tuesday. The firm has a 50 day simple moving average of $55.88 and a 200 day simple moving average of $57.96. The firm has a market capitalization of $54.96 million, a price-to-earnings ratio of 13.86 and a beta of 0.89. Invesco S&P 500 Value with Momentum ETF has a 1-year low of $49.89 and a 1-year high of $63.50.
About Invesco S&P 500 Value with Momentum ETF
The Invesco S&P 500 Value with Momentum ETF (SPVM) is an exchange-traded fund that is based on the S&P 500 High Momentum Value index. The fund tracks an index of S&P 500 stocks selected by value and momentum and weighted by value. SPVM was launched on Jun 16, 2011 and is managed by Invesco.
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