LPL Financial LLC Increases Holdings in Invesco S&P 500 Momentum ETF $SPMO

LPL Financial LLC raised its stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 2.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 6,624,488 shares of the company’s stock after buying an additional 182,485 shares during the quarter. LPL Financial LLC owned 0.06% of Invesco S&P 500 Momentum ETF worth $790,434,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its stake in Invesco S&P 500 Momentum ETF by 75.9% during the fourth quarter. JPMorgan Chase & Co. now owns 1,231,078 shares of the company’s stock valued at $146,892,000 after buying an additional 531,093 shares during the last quarter. Tradition Wealth Management LLC raised its stake in Invesco S&P 500 Momentum ETF by 42.8% during the fourth quarter. Tradition Wealth Management LLC now owns 24,243 shares of the company’s stock valued at $2,893,000 after buying an additional 7,267 shares during the last quarter. Mascagni Wealth Management Inc. raised its stake in Invesco S&P 500 Momentum ETF by 19.9% during the fourth quarter. Mascagni Wealth Management Inc. now owns 33,200 shares of the company’s stock valued at $3,961,000 after buying an additional 5,514 shares during the last quarter. Invst LLC raised its stake in Invesco S&P 500 Momentum ETF by 8.9% during the fourth quarter. Invst LLC now owns 306,818 shares of the company’s stock valued at $36,610,000 after buying an additional 25,006 shares during the last quarter. Finally, Curtis Wealth Management LLC purchased a new position in Invesco S&P 500 Momentum ETF during the fourth quarter valued at $3,362,000.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of NYSEARCA:SPMO opened at $144.28 on Monday. The stock has a fifty day simple moving average of $133.97 and a two-hundred day simple moving average of $124.21. The stock has a market capitalization of $17.59 billion, a price-to-earnings ratio of 29.51 and a beta of 1.11. Invesco S&P 500 Momentum ETF has a 12-month low of $105.74 and a 12-month high of $155.74.

Invesco S&P 500 Momentum ETF Company 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.