IFP Advisors Inc Boosts Stock Position in Invesco S&P 500 Momentum ETF $SPMO

IFP Advisors Inc grew its position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 98.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,833 shares of the company’s stock after purchasing an additional 5,361 shares during the quarter. IFP Advisors Inc’s holdings in Invesco S&P 500 Momentum ETF were worth $1,311,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Bank of America Corp DE lifted its position in Invesco S&P 500 Momentum ETF by 15.5% in the 3rd quarter. Bank of America Corp DE now owns 2,785,766 shares of the company’s stock worth $337,245,000 after buying an additional 374,417 shares during the last quarter. CWM LLC grew its position in Invesco S&P 500 Momentum ETF by 6.7% during the third quarter. CWM LLC now owns 2,622,555 shares of the company’s stock valued at $317,486,000 after acquiring an additional 164,530 shares during the last quarter. Vantagepoint Investment Advisers LLC bought a new position in Invesco S&P 500 Momentum ETF during the third quarter valued at approximately $317,167,000. Raymond James Financial Inc. raised its stake in shares of 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 acquiring an additional 513,037 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of Invesco S&P 500 Momentum ETF by 35.3% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 1,099,802 shares of the company’s stock worth $133,142,000 after acquiring an additional 287,098 shares in the last quarter.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of SPMO opened at $113.78 on Monday. Invesco S&P 500 Momentum ETF has a fifty-two week low of $78.25 and a fifty-two week high of $124.56. The firm has a market cap of $12.92 billion, a price-to-earnings ratio of 29.51 and a beta of 0.98. The firm has a 50 day moving average price of $118.81 and a 200-day moving average price of $119.55.

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.