Midwest Financial Network LLC Invests $503,000 in Invesco S&P 500 Momentum ETF $SPMO

Midwest Financial Network LLC bought a new position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the first quarter, according to the company in its most recent disclosure with the SEC. The fund bought 4,489 shares of the company’s stock, valued at approximately $503,000.

A number of other institutional investors also recently bought and sold shares of the company. LPL Financial LLC boosted its stake in shares of Invesco S&P 500 Momentum ETF by 2.8% during the 4th quarter. LPL Financial LLC now owns 6,624,488 shares of the company’s stock worth $790,434,000 after acquiring an additional 182,485 shares during the last quarter. CWM LLC boosted its stake in shares of Invesco S&P 500 Momentum ETF by 14.1% in the fourth quarter. CWM LLC now owns 2,992,182 shares of the company’s stock worth $357,027,000 after acquiring an additional 369,627 shares during the period. Bank of America Corp DE grew its position in shares of Invesco S&P 500 Momentum ETF by 15.5% during the third quarter. Bank of America Corp DE now owns 2,785,766 shares of the company’s stock worth $337,245,000 after purchasing an additional 374,417 shares in the last quarter. Morgan Stanley lifted its holdings in Invesco S&P 500 Momentum ETF by 8.1% in the 4th quarter. Morgan Stanley now owns 2,682,877 shares of the company’s stock worth $320,121,000 after purchasing an additional 199,934 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its holdings in shares of Invesco S&P 500 Momentum ETF by 28.7% in the fourth quarter. Raymond James Financial Inc. now owns 1,726,149 shares of the company’s stock worth $205,964,000 after buying an additional 385,146 shares in the last quarter.

Invesco S&P 500 Momentum ETF Stock Up 0.3%

Shares of Invesco S&P 500 Momentum ETF stock opened at $143.83 on Friday. The business has a 50-day moving average price of $150.92 and a 200-day moving average price of $133.05. Invesco S&P 500 Momentum ETF has a twelve month low of $107.24 and a twelve month high of $162.30. The firm has a market cap of $20.91 billion, a price-to-earnings ratio of 29.51 and a beta of 1.09.

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.