LPL Financial LLC Acquires 8,067 Shares of Invesco S&P 500 Value with Momentum ETF (NYSEARCA:SPVM)

LPL Financial LLC grew its position in Invesco S&P 500 Value with Momentum ETF (NYSEARCA:SPVM) by 11.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 81,582 shares of the company’s stock after purchasing an additional 8,067 shares during the quarter. LPL Financial LLC owned approximately 9.17% of Invesco S&P 500 Value with Momentum ETF worth $4,680,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Abound Financial LLC bought a new position in shares of Invesco S&P 500 Value with Momentum ETF in the first quarter valued at approximately $32,000. Private Trust Co. NA bought a new position in shares of Invesco S&P 500 Value with Momentum ETF in the first quarter valued at approximately $138,000. Raymond James Financial Inc. bought a new position in shares of Invesco S&P 500 Value with Momentum ETF in the fourth quarter valued at approximately $1,550,000. Bank of America Corp DE raised its position in shares of Invesco S&P 500 Value with Momentum ETF by 12.3% in the fourth quarter. Bank of America Corp DE now owns 36,186 shares of the company’s stock valued at $2,081,000 after purchasing an additional 3,958 shares during the period. Finally, Capstone Wealth Management Group LLC bought a new position in shares of Invesco S&P 500 Value with Momentum ETF in the first quarter valued at approximately $4,405,000.

Invesco S&P 500 Value with Momentum ETF Stock Up 1.7%

NYSEARCA:SPVM opened at $63.44 on Thursday. Invesco S&P 500 Value with Momentum ETF has a 12 month low of $49.89 and a 12 month high of $63.50. The firm has a market cap of $65.98 million, a price-to-earnings ratio of 13.46 and a beta of 1.02. The company’s 50 day moving average is $60.17 and its 200-day moving average is $58.16.

Invesco S&P 500 Value with Momentum ETF Profile

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.