HighTower Advisors LLC Increases Position in Invesco S&P 500 Momentum ETF $SPMO

HighTower Advisors LLC boosted its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 16.1% in the 4th quarter, Holdings Channel reports. The fund owned 282,662 shares of the company’s stock after acquiring an additional 39,262 shares during the quarter. HighTower Advisors LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $33,727,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of SPMO. Vantagepoint Investment Advisers LLC purchased a new stake in Invesco S&P 500 Momentum ETF during the 3rd quarter valued at about $317,167,000. Bank of America Corp DE grew its stake in 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 acquiring an additional 562,290 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Invesco S&P 500 Momentum ETF during the 3rd quarter valued at about $65,042,000. Raymond James Financial Inc. grew 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 acquiring an additional 513,037 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its stake in Invesco S&P 500 Momentum ETF by 254.4% during the 4th quarter. Thrivent Financial for Lutherans now owns 545,673 shares of the company’s stock valued at $65,356,000 after acquiring an additional 391,694 shares in the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

NYSEARCA:SPMO opened at $144.94 on Friday. The firm has a market capitalization of $17.67 billion, a price-to-earnings ratio of 29.51 and a beta of 1.09. The company’s 50-day moving average is $127.06 and its two-hundred day moving average is $121.99. Invesco S&P 500 Momentum ETF has a 1-year low of $101.80 and a 1-year high of $147.87.

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.