MML Investors Services LLC Has $15.49 Million Stock Position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

MML Investors Services LLC lifted its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 63.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 162,991 shares of the company’s stock after purchasing an additional 63,348 shares during the period. MML Investors Services LLC owned 1.01% of Invesco S&P 500 Momentum ETF worth $15,486,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. LPL Financial LLC increased its position in shares of Invesco S&P 500 Momentum ETF by 75.3% during the fourth quarter. LPL Financial LLC now owns 2,178,729 shares of the company’s stock worth $207,001,000 after buying an additional 935,951 shares during the period. Mainstay Capital Management LLC ADV raised its position in shares of Invesco S&P 500 Momentum ETF by 374.5% in the 4th quarter. Mainstay Capital Management LLC ADV now owns 1,216,892 shares of the company’s stock worth $115,617,000 after acquiring an additional 960,418 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Invesco S&P 500 Momentum ETF by 391,013.3% in the 4th quarter. JPMorgan Chase & Co. now owns 617,959 shares of the company’s stock valued at $58,712,000 after purchasing an additional 617,801 shares during the period. Money Concepts Capital Corp boosted its position in shares of Invesco S&P 500 Momentum ETF by 9.1% during the 4th quarter. Money Concepts Capital Corp now owns 611,529 shares of the company’s stock valued at $58,101,000 after purchasing an additional 50,980 shares in the last quarter. Finally, Trilogy Capital Inc. grew its stake in Invesco S&P 500 Momentum ETF by 1.6% during the fourth quarter. Trilogy Capital Inc. now owns 421,901 shares of the company’s stock worth $40,085,000 after purchasing an additional 6,523 shares during the period.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of SPMO opened at $88.39 on Wednesday. The firm has a market cap of $5.18 billion, a PE ratio of 25.10 and a beta of 0.96. Invesco S&P 500 Momentum ETF has a 52-week low of $74.40 and a 52-week high of $103.44. The business’s 50 day moving average price is $93.62 and its two-hundred day moving average price is $95.50.

About Invesco S&P 500 Momentum ETF

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.