Brown Miller Wealth Management LLC Has $1.70 Million Stake in Invesco S&P 500 Momentum ETF $SPMO

Brown Miller Wealth Management LLC grew its position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 39.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,199 shares of the company’s stock after acquiring an additional 4,270 shares during the period. Brown Miller Wealth Management LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $1,704,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Dynamic Advisor Solutions LLC raised its stake in shares of Invesco S&P 500 Momentum ETF by 116.7% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 106,101 shares of the company’s stock worth $12,660,000 after acquiring an additional 57,149 shares during the last quarter. IFP Advisors Inc grew its stake in shares of Invesco S&P 500 Momentum ETF by 98.0% during the third quarter. IFP Advisors Inc now owns 10,833 shares of the company’s stock valued at $1,311,000 after purchasing an additional 5,361 shares during the last quarter. CIBC Private Wealth Group LLC grew its stake in shares of Invesco S&P 500 Momentum ETF by 7,363.6% during the third quarter. CIBC Private Wealth Group LLC now owns 15,972 shares of the company’s stock valued at $1,934,000 after purchasing an additional 15,758 shares during the last quarter. Able Wealth Management LLC increased its holdings in shares of Invesco S&P 500 Momentum ETF by 13.0% in the fourth quarter. Able Wealth Management LLC now owns 120,379 shares of the company’s stock valued at $14,364,000 after purchasing an additional 13,883 shares in the last quarter. Finally, Hutchens & Kramer Investment Management Group LLC increased its holdings in shares of Invesco S&P 500 Momentum ETF by 1,035.6% in the fourth quarter. Hutchens & Kramer Investment Management Group LLC now owns 19,646 shares of the company’s stock valued at $2,344,000 after purchasing an additional 17,916 shares in the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

SPMO stock opened at $158.53 on Tuesday. The company has a 50 day moving average price of $145.61 and a 200 day moving average price of $128.27. Invesco S&P 500 Momentum ETF has a fifty-two week low of $107.24 and a fifty-two week high of $162.30. The stock has a market capitalization of $19.33 billion, a PE ratio of 29.51 and a beta of 1.11.

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.