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

Thrivent Financial for Lutherans grew its stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 254.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 545,673 shares of the company’s stock after purchasing an additional 391,694 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Invesco S&P 500 Momentum ETF were worth $65,356,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Dynamic Advisor Solutions LLC grew its holdings in Invesco S&P 500 Momentum ETF by 116.7% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 106,101 shares of the company’s stock worth $12,660,000 after acquiring an additional 57,149 shares in the last quarter. IFP Advisors Inc grew its holdings in Invesco S&P 500 Momentum ETF by 98.0% during the 3rd quarter. IFP Advisors Inc now owns 10,833 shares of the company’s stock worth $1,311,000 after acquiring an additional 5,361 shares in the last quarter. CIBC Private Wealth Group LLC grew its holdings in Invesco S&P 500 Momentum ETF by 7,363.6% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 15,972 shares of the company’s stock worth $1,934,000 after acquiring an additional 15,758 shares in the last quarter. Ascent Group LLC grew its holdings in Invesco S&P 500 Momentum ETF by 68.4% during the 4th quarter. Ascent Group LLC now owns 252,643 shares of the company’s stock worth $30,145,000 after acquiring an additional 102,587 shares in the last quarter. Finally, Arkadios Wealth Advisors grew its holdings in Invesco S&P 500 Momentum ETF by 36.5% during the 3rd quarter. Arkadios Wealth Advisors now owns 21,407 shares of the company’s stock worth $2,592,000 after acquiring an additional 5,725 shares in the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

Shares of Invesco S&P 500 Momentum ETF stock opened at $143.48 on Friday. Invesco S&P 500 Momentum ETF has a 1 year low of $101.80 and a 1 year high of $147.87. The firm’s 50-day moving average is $124.66 and its two-hundred day moving average is $121.29. The stock has a market cap of $17.49 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.