Mascagni Wealth Management Inc. Has $3.96 Million Stake in Invesco S&P 500 Momentum ETF $SPMO

Mascagni Wealth Management Inc. raised its position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 19.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 33,200 shares of the company’s stock after purchasing an additional 5,514 shares during the period. Invesco S&P 500 Momentum ETF makes up about 3.0% of Mascagni Wealth Management Inc.’s investment portfolio, making the stock its 8th biggest holding. Mascagni Wealth Management Inc.’s holdings in Invesco S&P 500 Momentum ETF were worth $3,961,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. CWM LLC increased its stake in Invesco S&P 500 Momentum ETF by 14.1% in the fourth quarter. CWM LLC now owns 2,992,182 shares of the company’s stock valued at $357,027,000 after purchasing an additional 369,627 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 15.5% in the third quarter. Bank of America Corp DE now owns 2,785,766 shares of the company’s stock valued at $337,245,000 after buying an additional 374,417 shares during the period. BNP Paribas Financial Markets boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 1,586.1% in the fourth quarter. BNP Paribas Financial Markets now owns 1,423,949 shares of the company’s stock valued at $169,906,000 after buying an additional 1,339,497 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 25.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,376,905 shares of the company’s stock valued at $164,292,000 after buying an additional 277,103 shares during the period. Finally, Raymond James Financial Inc. boosted its holdings in shares of 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 buying an additional 513,037 shares during the period.

Invesco S&P 500 Momentum ETF Stock Down 5.6%

Invesco S&P 500 Momentum ETF stock opened at $144.28 on Friday. The stock has a market capitalization of $17.59 billion, a PE ratio of 29.51 and a beta of 1.11. Invesco S&P 500 Momentum ETF has a twelve month low of $105.74 and a twelve month high of $155.74. The company has a 50 day moving average of $133.97 and a 200-day moving average of $124.16.

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.