Focus Partners Advisor Solutions LLC Boosts Position in Invesco S&P 500 Momentum ETF $SPMO

Focus Partners Advisor Solutions LLC lifted its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 65.5% in the third quarter, Holdings Channel.com reports. The fund owned 28,076 shares of the company’s stock after purchasing an additional 11,111 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $3,391,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CWM LLC increased its position in Invesco S&P 500 Momentum ETF by 6.7% during the 3rd quarter. CWM LLC now owns 2,622,555 shares of the company’s stock valued at $317,486,000 after purchasing an additional 164,530 shares during the period. Vantagepoint Investment Advisers LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF in the 3rd quarter worth about $317,167,000. Bank of America Corp DE boosted its stake 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. Osaic Holdings Inc. increased its position in shares of Invesco S&P 500 Momentum ETF by 126.3% during the second quarter. Osaic Holdings Inc. now owns 1,097,393 shares of the company’s stock valued at $120,105,000 after buying an additional 612,432 shares during the period. Finally, Money Concepts Capital Corp increased its position in shares of Invesco S&P 500 Momentum ETF by 0.4% during the third quarter. Money Concepts Capital Corp now owns 997,865 shares of the company’s stock valued at $120,801,000 after buying an additional 3,483 shares during the period.

Invesco S&P 500 Momentum ETF Price Performance

Shares of SPMO opened at $119.22 on Wednesday. The company has a 50-day simple moving average of $119.52 and a two-hundred day simple moving average of $119.43. The firm has a market capitalization of $13.54 billion, a PE ratio of 29.51 and a beta of 0.98. Invesco S&P 500 Momentum ETF has a one year low of $78.25 and a one year high of $124.56.

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.