Axxcess Wealth Management LLC Sells 84,023 Shares of Invesco S&P 500 Momentum ETF $SPMO

Axxcess Wealth Management LLC lowered its position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 50.4% in the 1st quarter, Holdings Channel reports. The institutional investor owned 82,534 shares of the company’s stock after selling 84,023 shares during the period. Axxcess Wealth Management LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $9,253,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of SPMO. LPL Financial LLC boosted its position 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 valued at $790,434,000 after acquiring an additional 182,485 shares during the last quarter. CWM LLC increased its position in Invesco S&P 500 Momentum ETF by 14.1% during the 4th quarter. CWM LLC now owns 2,992,182 shares of the company’s stock valued at $357,027,000 after purchasing an additional 369,627 shares during the period. Bank of America Corp DE boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 15.5% in the 3rd quarter. Bank of America Corp DE now owns 2,785,766 shares of the company’s stock valued at $337,245,000 after buying an additional 374,417 shares in the last quarter. Morgan Stanley increased its position in shares of Invesco S&P 500 Momentum ETF by 8.1% during the fourth 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. grew its position in Invesco S&P 500 Momentum ETF by 28.7% during the 4th quarter. Raymond James Financial Inc. now owns 1,726,149 shares of the company’s stock worth $205,964,000 after purchasing an additional 385,146 shares during the last quarter.

Invesco S&P 500 Momentum ETF Stock Down 2.3%

Invesco S&P 500 Momentum ETF stock opened at $149.42 on Wednesday. The stock has a 50-day moving average price of $148.58 and a 200 day moving average price of $129.71. The company has a market capitalization of $21.02 billion, a price-to-earnings ratio of 29.51 and a beta of 1.09. Invesco S&P 500 Momentum ETF has a 52 week low of $107.24 and a 52 week high of $162.30.

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.