BNB Wealth Management LLC acquired a new stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) during the fourth quarter, Holdings Channel reports. The firm acquired 48,162 shares of the company’s stock, valued at approximately $5,747,000. Invesco S&P 500 Momentum ETF comprises 3.7% of BNB Wealth Management LLC’s holdings, making the stock its 6th biggest holding.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Dynamic Advisor Solutions LLC raised its stake in Invesco S&P 500 Momentum ETF by 116.7% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 106,101 shares of the company’s stock valued at $12,660,000 after acquiring an additional 57,149 shares during the period. IFP Advisors Inc raised its stake in Invesco S&P 500 Momentum ETF by 98.0% in the 3rd quarter. IFP Advisors Inc now owns 10,833 shares of the company’s stock valued at $1,311,000 after acquiring an additional 5,361 shares during the period. CIBC Private Wealth Group LLC raised its stake in Invesco S&P 500 Momentum ETF by 7,363.6% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 15,972 shares of the company’s stock valued at $1,934,000 after acquiring an additional 15,758 shares during the period. Brookwood Investment Group LLC raised its stake in Invesco S&P 500 Momentum ETF by 27.5% in the 4th quarter. Brookwood Investment Group LLC now owns 88,676 shares of the company’s stock valued at $10,581,000 after acquiring an additional 19,103 shares during the period. Finally, Able Wealth Management LLC raised its stake in Invesco S&P 500 Momentum ETF by 13.0% in the 4th quarter. Able Wealth Management LLC now owns 120,379 shares of the company’s stock valued at $14,364,000 after acquiring an additional 13,883 shares during the period.
Invesco S&P 500 Momentum ETF Stock Performance
Shares of Invesco S&P 500 Momentum ETF stock opened at $155.49 on Thursday. Invesco S&P 500 Momentum ETF has a 52-week low of $106.57 and a 52-week high of $158.95. The stock’s 50-day simple moving average is $140.14 and its 200 day simple moving average is $126.15. The stock has a market capitalization of $18.96 billion, a P/E ratio of 29.51 and a beta of 1.11.
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.
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