Invesco S&P 500 Momentum ETF $SPMO Shares Purchased by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC raised its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 10.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 166,557 shares of the company’s stock after purchasing an additional 15,724 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $19,874,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of SPMO. Dynamic Advisor Solutions LLC lifted its stake in shares of Invesco S&P 500 Momentum ETF by 116.7% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 106,101 shares of the company’s stock valued at $12,660,000 after purchasing an additional 57,149 shares during the last quarter. IFP Advisors Inc increased its position in Invesco S&P 500 Momentum ETF by 98.0% during the third quarter. IFP Advisors Inc now owns 10,833 shares of the company’s stock worth $1,311,000 after buying an additional 5,361 shares during the last quarter. CIBC Private Wealth Group LLC increased its position in Invesco S&P 500 Momentum ETF by 7,363.6% during the third quarter. CIBC Private Wealth Group LLC now owns 15,972 shares of the company’s stock worth $1,934,000 after buying an additional 15,758 shares during the last quarter. Ascent Group LLC raised its holdings in Invesco S&P 500 Momentum ETF by 68.4% during the fourth quarter. Ascent Group LLC now owns 252,643 shares of the company’s stock valued at $30,145,000 after buying an additional 102,587 shares in the last quarter. Finally, Brookwood Investment Group LLC raised its holdings in Invesco S&P 500 Momentum ETF by 27.5% during the fourth quarter. Brookwood Investment Group LLC now owns 88,676 shares of the company’s stock valued at $10,581,000 after buying an additional 19,103 shares in the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

Shares of NYSEARCA:SPMO opened at $159.90 on Friday. Invesco S&P 500 Momentum ETF has a fifty-two week low of $106.57 and a fifty-two week high of $160.65. The business has a 50-day moving average of $141.01 and a two-hundred day moving average of $126.43. The stock has a market capitalization of $19.50 billion, a P/E ratio of 29.51 and a beta of 1.11.

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.