Jackson Wealth Management LLC Buys 8,112 Shares of Invesco S&P 500 Momentum ETF $SPMO

Jackson Wealth Management LLC lifted its stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 13.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 67,918 shares of the company’s stock after purchasing an additional 8,112 shares during the period. Jackson Wealth Management LLC owned approximately 0.06% of Invesco S&P 500 Momentum ETF worth $8,104,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of SPMO. Bank of America Corp DE increased its holdings in shares of 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 valued at $337,245,000 after purchasing an additional 374,417 shares in the last quarter. CWM LLC lifted its holdings in Invesco S&P 500 Momentum ETF by 6.7% during the 3rd quarter. CWM LLC now owns 2,622,555 shares of the company’s stock worth $317,486,000 after buying an additional 164,530 shares in the last quarter. Vantagepoint Investment Advisers LLC acquired a new position in Invesco S&P 500 Momentum ETF during the 3rd quarter worth $317,167,000. Raymond James Financial Inc. boosted 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 valued at $162,342,000 after buying an additional 513,037 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of Invesco S&P 500 Momentum ETF by 35.3% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 1,099,802 shares of the company’s stock valued at $133,142,000 after buying an additional 287,098 shares during the period.

Invesco S&P 500 Momentum ETF Price Performance

SPMO stock opened at $114.74 on Friday. The company has a market cap of $13.11 billion, a P/E ratio of 29.51 and a beta of 0.98. Invesco S&P 500 Momentum ETF has a twelve month low of $78.25 and a twelve month high of $124.56. The business has a fifty day moving average of $117.62 and a 200-day moving average of $119.11.

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.