Horst & Graben Wealth Management LLC Acquires 34,785 Shares of Invesco S&P 500 Momentum ETF $SPMO

Horst & Graben Wealth Management LLC grew its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 52.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 101,438 shares of the company’s stock after purchasing an additional 34,785 shares during the quarter. Invesco S&P 500 Momentum ETF comprises about 1.8% of Horst & Graben Wealth Management LLC’s investment portfolio, making the stock its 20th biggest position. Horst & Graben Wealth Management LLC owned approximately 0.09% of Invesco S&P 500 Momentum ETF worth $12,107,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of SPMO. Vantagepoint Investment Advisers LLC bought a new position in shares of Invesco S&P 500 Momentum ETF during the 3rd quarter valued at $317,167,000. Bank of America Corp DE raised its holdings in shares of Invesco S&P 500 Momentum ETF by 30.4% during the 2nd quarter. Bank of America Corp DE now owns 2,411,349 shares of the company’s stock valued at $271,204,000 after purchasing an additional 562,290 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Invesco S&P 500 Momentum ETF during the 3rd quarter valued at $65,042,000. Raymond James Financial Inc. raised its holdings in shares of Invesco S&P 500 Momentum ETF by 62.0% during the 3rd quarter. Raymond James Financial Inc. now owns 1,341,003 shares of the company’s stock valued at $162,342,000 after purchasing an additional 513,037 shares in the last quarter. Finally, CWM LLC raised its holdings in shares of Invesco S&P 500 Momentum ETF by 14.1% during the 4th quarter. CWM LLC now owns 2,992,182 shares of the company’s stock valued at $357,027,000 after purchasing an additional 369,627 shares in the last quarter.

Invesco S&P 500 Momentum ETF Stock Performance

Invesco S&P 500 Momentum ETF stock opened at $128.30 on Monday. Invesco S&P 500 Momentum ETF has a 1-year low of $84.86 and a 1-year high of $128.43. The firm’s fifty day simple moving average is $118.46 and its 200-day simple moving average is $119.25. The company has a market capitalization of $15.03 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.