Sigma Planning Corp Has $6.30 Million Stake in Invesco S&P 500 Momentum ETF $SPMO

Sigma Planning Corp grew its stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 12.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 52,759 shares of the company’s stock after acquiring an additional 5,938 shares during the period. Sigma Planning Corp’s holdings in Invesco S&P 500 Momentum ETF were worth $6,295,000 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 SPMO. CWM LLC grew its stake in shares of Invesco S&P 500 Momentum ETF by 14.1% in the fourth quarter. CWM LLC now owns 2,992,182 shares of the company’s stock worth $357,027,000 after purchasing an additional 369,627 shares during the last quarter. Bank of America Corp DE lifted its holdings in 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 buying an additional 374,417 shares during the period. Vantagepoint Investment Advisers LLC acquired a new position in Invesco S&P 500 Momentum ETF in the third quarter valued at $317,167,000. Raymond James Financial Inc. lifted its holdings in Invesco S&P 500 Momentum ETF by 62.0% in the third 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 period. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in Invesco S&P 500 Momentum ETF by 35.3% in the third 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 Trading Up 2.3%

Shares of NYSEARCA SPMO opened at $133.79 on Friday. The firm’s 50-day moving average price is $120.37 and its 200-day moving average price is $119.87. Invesco S&P 500 Momentum ETF has a 1-year low of $95.46 and a 1-year high of $133.93. The firm has a market capitalization of $16.21 billion, a P/E ratio of 29.51 and a beta of 1.02.

Invesco S&P 500 Momentum ETF Profile

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.