Dynamic Advisor Solutions LLC Acquires 13,908 Shares of Invesco S&P 500 Momentum ETF $SPMO

Dynamic Advisor Solutions LLC grew its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 12.2% during the second quarter, HoldingsChannel.com reports. The firm owned 128,073 shares of the company’s stock after acquiring an additional 13,908 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $20,689,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. BNP Paribas Financial Markets raised its position in shares of Invesco S&P 500 Momentum ETF by 1,586.1% in the fourth quarter. BNP Paribas Financial Markets now owns 1,423,949 shares of the company’s stock valued at $169,906,000 after buying an additional 1,339,497 shares in the last quarter. Bank of America Corp DE grew its position 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 in the last quarter. JPMorgan Chase & Co. grew its position 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 worth $146,892,000 after buying an additional 531,093 shares in the last quarter. Raymond James Financial Inc. grew its position 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 in the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in Invesco S&P 500 Momentum ETF by 254.4% during the 4th quarter. Thrivent Financial for Lutherans now owns 545,673 shares of the company’s stock worth $65,356,000 after acquiring an additional 391,694 shares during the period.

Invesco S&P 500 Momentum ETF Price Performance

Shares of NYSEARCA SPMO opened at $150.27 on Thursday. The business has a fifty day moving average price of $150.97 and a two-hundred day moving average price of $133.75. The stock has a market capitalization of $22.01 billion, a PE ratio of 29.51 and a beta of 1.10. Invesco S&P 500 Momentum ETF has a fifty-two week low of $107.24 and a fifty-two week high of $162.30.

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.