Stonebrook Private Inc. Has $10.63 Million Position in Invesco S&P 500 Momentum ETF $SPMO

Stonebrook Private Inc. boosted its position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 82.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 89,058 shares of the company’s stock after purchasing an additional 40,163 shares during the quarter. Invesco S&P 500 Momentum ETF comprises 2.2% of Stonebrook Private Inc.’s portfolio, making the stock its 13th biggest holding. Stonebrook Private Inc.’s holdings in Invesco S&P 500 Momentum ETF were worth $10,626,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. LPL Financial LLC grew its position in shares of Invesco S&P 500 Momentum ETF by 2.8% in the 4th quarter. LPL Financial LLC now owns 6,624,488 shares of the company’s stock valued at $790,434,000 after buying an additional 182,485 shares during the last quarter. CWM LLC grew its position in shares of Invesco S&P 500 Momentum ETF by 14.1% in the 4th quarter. CWM LLC now owns 2,992,182 shares of the company’s stock valued at $357,027,000 after buying an additional 369,627 shares during the last quarter. Bank of America Corp DE grew its position in shares of Invesco S&P 500 Momentum ETF by 15.5% in the 3rd 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 last quarter. BNP Paribas Financial Markets grew its position in shares of Invesco S&P 500 Momentum ETF by 1,586.1% in 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 during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of Invesco S&P 500 Momentum ETF by 25.2% in the 4th 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 last quarter.

Invesco S&P 500 Momentum ETF Trading Down 0.3%

NYSEARCA SPMO opened at $147.51 on Wednesday. The business’s 50-day moving average price is $135.44 and its two-hundred day moving average price is $124.65. Invesco S&P 500 Momentum ETF has a 12 month low of $105.74 and a 12 month high of $155.74. The firm has a market capitalization of $17.98 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.