Signet Private Wealth LLC Acquires New Position in Invesco S&P 500 Momentum ETF $SPMO

Signet Private Wealth LLC bought a new position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 15,891 shares of the company’s stock, valued at approximately $1,896,000. Invesco S&P 500 Momentum ETF accounts for 1.8% of Signet Private Wealth LLC’s portfolio, making the stock its 13th largest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. BNP Paribas Financial Markets lifted its stake in shares of Invesco S&P 500 Momentum ETF by 1,586.1% in the 4th quarter. BNP Paribas Financial Markets now owns 1,423,949 shares of the company’s stock valued at $169,906,000 after purchasing an additional 1,339,497 shares during the period. Bank of America Corp DE grew its stake in shares of 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 purchasing an additional 562,290 shares during the period. JPMorgan Chase & Co. increased its holdings in Invesco S&P 500 Momentum ETF by 75.9% in the fourth quarter. JPMorgan Chase & Co. now owns 1,231,078 shares of the company’s stock valued at $146,892,000 after purchasing an additional 531,093 shares during the last quarter. Raymond James Financial Inc. increased its holdings in Invesco S&P 500 Momentum ETF by 62.0% in the third 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 during the last quarter. Finally, Thrivent Financial for Lutherans lifted its stake in Invesco S&P 500 Momentum ETF by 254.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 545,673 shares of the company’s stock valued at $65,356,000 after buying an additional 391,694 shares during the period.

Invesco S&P 500 Momentum ETF Trading Down 2.6%

Shares of SPMO opened at $143.68 on Thursday. Invesco S&P 500 Momentum ETF has a 1 year low of $105.74 and a 1 year high of $155.74. The stock has a market cap of $17.52 billion, a P/E ratio of 29.51 and a beta of 1.11. The stock’s 50-day moving average price is $136.16 and its two-hundred day moving average price is $124.86.

About Invesco S&P 500 Momentum ETF

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.