Thrivent Financial for Lutherans Raises Position in Invesco S&P 500 Momentum ETF $SPMO

Thrivent Financial for Lutherans increased its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 218.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 247,366 shares of the company’s stock after buying an additional 169,631 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Invesco S&P 500 Momentum ETF were worth $27,821,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of SPMO. J.W. Cole Advisors Inc. boosted its stake in shares of Invesco S&P 500 Momentum ETF by 83.1% in the second quarter. J.W. Cole Advisors Inc. now owns 12,858 shares of the company’s stock valued at $1,446,000 after purchasing an additional 5,834 shares during the period. Global Retirement Partners LLC acquired a new position in Invesco S&P 500 Momentum ETF in the 2nd quarter worth $6,771,000. Harel Insurance Investments & Financial Services Ltd. boosted its position in Invesco S&P 500 Momentum ETF by 32.8% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 13,080 shares of the company’s stock valued at $1,471,000 after buying an additional 3,230 shares during the last quarter. Seeds Investor LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the second quarter valued at about $248,000. Finally, Triad Wealth Partners LLC increased its position in shares of Invesco S&P 500 Momentum ETF by 22.3% during the second quarter. Triad Wealth Partners LLC now owns 46,710 shares of the company’s stock worth $5,254,000 after acquiring an additional 8,503 shares during the last quarter.

Invesco S&P 500 Momentum ETF Stock Performance

NYSEARCA:SPMO opened at $118.68 on Tuesday. The stock has a market cap of $12.97 billion, a price-to-earnings ratio of 29.51 and a beta of 0.98. Invesco S&P 500 Momentum ETF has a one year low of $78.25 and a one year high of $124.56. The business’s 50-day simple moving average is $119.82 and its 200 day simple moving average is $116.40.

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.