Brown Miller Wealth Management LLC Increases Holdings in Invesco S&P 500 Momentum ETF $SPMO

Brown Miller Wealth Management LLC lifted its position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 80.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,929 shares of the company’s stock after purchasing an additional 4,868 shares during the period. Brown Miller Wealth Management LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $1,304,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of SPMO. Vantagepoint Investment Advisers LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF in the third quarter valued at approximately $317,167,000. Osaic Holdings Inc. boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 126.3% in the second quarter. Osaic Holdings Inc. now owns 1,097,393 shares of the company’s stock valued at $120,105,000 after purchasing an additional 612,432 shares during the period. Bank of America Corp DE lifted its holdings in Invesco S&P 500 Momentum ETF by 30.4% during the second quarter. Bank of America Corp DE now owns 2,411,349 shares of the company’s stock worth $271,204,000 after buying an additional 562,290 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Invesco S&P 500 Momentum ETF during the third quarter worth $65,042,000. Finally, Raymond James Financial Inc. lifted its holdings in Invesco S&P 500 Momentum ETF by 62.0% during the third quarter. Raymond James Financial Inc. now owns 1,341,003 shares of the company’s stock worth $162,342,000 after buying an additional 513,037 shares during the period.

Invesco S&P 500 Momentum ETF Price Performance

Invesco S&P 500 Momentum ETF stock opened at $123.34 on Monday. The business has a fifty day moving average of $117.66 and a two-hundred day moving average of $119.04. The firm has a market cap of $14.15 billion, a P/E ratio of 29.51 and a beta of 1.02. Invesco S&P 500 Momentum ETF has a twelve month low of $84.86 and a twelve month high of $124.56.

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.