Entelevest LLC Buys Shares of 19,164 Invesco S&P 500 Momentum ETF $SPMO

Entelevest LLC bought a new stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 19,164 shares of the company’s stock, valued at approximately $2,287,000. Invesco S&P 500 Momentum ETF makes up about 2.3% of Entelevest LLC’s investment portfolio, making the stock its 10th largest position.

A number of other institutional investors and hedge funds have also made changes to their positions in SPMO. BNP Paribas Financial Markets increased its stake in shares of Invesco S&P 500 Momentum ETF by 1,586.1% during 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 in the last quarter. Bank of America Corp DE increased its stake in shares of Invesco S&P 500 Momentum ETF by 30.4% during 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 purchasing an additional 562,290 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Invesco S&P 500 Momentum ETF by 75.9% during the fourth quarter. JPMorgan Chase & Co. now owns 1,231,078 shares of the company’s stock valued at $146,892,000 after purchasing an additional 531,093 shares in the last quarter. Raymond James Financial Inc. increased its stake in shares of Invesco S&P 500 Momentum ETF by 62.0% during the third quarter. Raymond James Financial Inc. now owns 1,341,003 shares of the company’s stock valued at $162,342,000 after purchasing an additional 513,037 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in shares of 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 purchasing an additional 391,694 shares in the last quarter.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of NYSEARCA SPMO opened at $143.68 on Thursday. Invesco S&P 500 Momentum ETF has a fifty-two week low of $105.74 and a fifty-two week high of $155.74. The company has a 50 day simple moving average of $136.16 and a two-hundred day simple moving average of $124.86. The company has a market capitalization of $17.52 billion, a price-to-earnings ratio of 29.51 and a beta of 1.11.

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.