Northwestern Mutual Wealth Management Co. Purchases 277,103 Shares of Invesco S&P 500 Momentum ETF $SPMO

Northwestern Mutual Wealth Management Co. boosted its position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 25.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,376,905 shares of the company’s stock after buying an additional 277,103 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Invesco S&P 500 Momentum ETF were worth $164,292,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. CWM LLC increased its position in Invesco S&P 500 Momentum ETF by 14.1% in the 4th quarter. CWM LLC now owns 2,992,182 shares of the company’s stock valued at $357,027,000 after buying an additional 369,627 shares in the last quarter. Bank of America Corp DE increased its stake in Invesco S&P 500 Momentum ETF by 15.5% during the 3rd quarter. Bank of America Corp DE now owns 2,785,766 shares of the company’s stock valued at $337,245,000 after purchasing an additional 374,417 shares in the last quarter. Raymond James Financial Inc. increased its stake in 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. Money Concepts Capital Corp increased its stake in Invesco S&P 500 Momentum ETF by 1.8% during the 4th quarter. Money Concepts Capital Corp now owns 1,015,733 shares of the company’s stock valued at $121,197,000 after purchasing an additional 17,868 shares in the last quarter. Finally, Orion Porfolio Solutions LLC increased its stake in Invesco S&P 500 Momentum ETF by 37.3% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 978,370 shares of the company’s stock valued at $110,037,000 after purchasing an additional 265,820 shares in the last quarter.

Invesco S&P 500 Momentum ETF Trading Up 0.4%

Shares of SPMO stock opened at $150.13 on Friday. The firm has a market capitalization of $18.30 billion, a PE ratio of 29.51 and a beta of 1.09. The firm has a fifty day simple moving average of $129.59 and a two-hundred day simple moving average of $122.83. Invesco S&P 500 Momentum ETF has a 12 month low of $103.99 and a 12 month high of $151.40.

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.