Concorde Asset Management LLC Grows Stock Position in Invesco S&P 500 Momentum ETF $SPMO

Concorde Asset Management LLC lifted its stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 12.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 59,745 shares of the company’s stock after purchasing an additional 6,473 shares during the quarter. Invesco S&P 500 Momentum ETF accounts for about 5.5% of Concorde Asset Management LLC’s holdings, making the stock its 2nd largest position. Concorde Asset Management LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $9,651,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the stock. BNP Paribas Financial Markets grew its holdings in Invesco S&P 500 Momentum ETF by 1,586.1% during the 4th 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 in the last quarter. Bank of America Corp DE boosted its position in shares of Invesco S&P 500 Momentum ETF by 30.4% in the second 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 during the period. JPMorgan Chase & Co. boosted its position in shares of Invesco S&P 500 Momentum ETF by 75.9% in the fourth quarter. JPMorgan Chase & Co. now owns 1,231,078 shares of the company’s stock valued at $146,892,000 after acquiring an additional 531,093 shares during the period. Raymond James Financial Inc. boosted its position 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 acquiring an additional 513,037 shares during the period. Finally, Thrivent Financial for Lutherans grew its stake in Invesco S&P 500 Momentum ETF by 254.4% during the fourth 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 Trading Up 0.5%

Invesco S&P 500 Momentum ETF stock opened at $150.47 on Wednesday. The firm’s 50 day simple moving average is $148.66 and its 200 day simple moving average is $138.83. The firm has a market capitalization of $22.03 billion, a PE ratio of 29.51 and a beta of 1.10. Invesco S&P 500 Momentum ETF has a 1-year low of $107.24 and a 1-year high of $162.30.

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.