Invesco S&P 500 Momentum ETF $SPMO Shares Purchased by Horst & Graben Wealth Management LLC

Horst & Graben Wealth Management LLC boosted its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 7.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 108,755 shares of the company’s stock after purchasing an additional 7,317 shares during the period. Invesco S&P 500 Momentum ETF makes up 1.7% of Horst & Graben Wealth Management LLC’s investment portfolio, making the stock its 22nd largest holding. Horst & Graben Wealth Management LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $12,193,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets increased 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 purchasing an additional 1,339,497 shares during the period. Bank of America Corp DE grew its position in Invesco S&P 500 Momentum ETF by 30.4% in 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 buying an additional 562,290 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Invesco S&P 500 Momentum ETF by 75.9% in the 4th quarter. JPMorgan Chase & Co. now owns 1,231,078 shares of the company’s stock valued at $146,892,000 after buying an additional 531,093 shares during the period. Raymond James Financial Inc. raised its position 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 worth $162,342,000 after buying an additional 513,037 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its position 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 worth $65,356,000 after buying an additional 391,694 shares during the last quarter.

Invesco S&P 500 Momentum ETF Stock Down 2.3%

Shares of NYSEARCA:SPMO opened at $149.42 on Wednesday. The company has a market cap of $21.02 billion, a price-to-earnings ratio of 29.51 and a beta of 1.09. The firm’s 50-day simple moving average is $148.58 and its 200-day simple moving average is $129.71. Invesco S&P 500 Momentum ETF has a fifty-two week low of $107.24 and a fifty-two week high of $162.30.

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.