Comerica Bank Buys Shares of 718 Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Comerica Bank bought a new stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 718 shares of the company’s stock, valued at approximately $68,000.

A number of other institutional investors also recently bought and sold shares of SPMO. Global Trust Asset Management LLC increased its position in Invesco S&P 500 Momentum ETF by 95.5% in the fourth quarter. Global Trust Asset Management LLC now owns 430 shares of the company’s stock worth $41,000 after buying an additional 210 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Invesco S&P 500 Momentum ETF in the fourth quarter worth about $48,000. Glass Jacobson Investment Advisors llc increased its position in Invesco S&P 500 Momentum ETF by 607.6% in the fourth quarter. Glass Jacobson Investment Advisors llc now owns 842 shares of the company’s stock worth $80,000 after buying an additional 723 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of Invesco S&P 500 Momentum ETF by 28.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,058 shares of the company’s stock worth $101,000 after purchasing an additional 232 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. purchased a new stake in shares of Invesco S&P 500 Momentum ETF during the fourth quarter worth about $148,000.

Invesco S&P 500 Momentum ETF Trading Up 0.6%

NYSEARCA:SPMO opened at $105.20 on Monday. Invesco S&P 500 Momentum ETF has a 12-month low of $76.75 and a 12-month high of $105.20. The stock has a 50-day moving average price of $93.40 and a 200 day moving average price of $96.13. The stock has a market capitalization of $7.05 billion, a P/E ratio of 27.23 and a beta of 0.97.

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.