Axxcess Wealth Management LLC Has $39.83 Million Position in Invesco S&P 500 Momentum ETF $SPMO

Axxcess Wealth Management LLC increased its holdings in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 121.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 333,796 shares of the company’s stock after acquiring an additional 182,963 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $39,829,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in SPMO. Vantagepoint Investment Advisers LLC acquired a new position in shares of Invesco S&P 500 Momentum ETF during the 3rd quarter worth approximately $317,167,000. Bank of America Corp DE increased its holdings in shares of Invesco S&P 500 Momentum ETF by 30.4% during the 2nd quarter. Bank of America Corp DE now owns 2,411,349 shares of the company’s stock worth $271,204,000 after acquiring an additional 562,290 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Invesco S&P 500 Momentum ETF during the 3rd quarter worth approximately $65,042,000. Raymond James Financial Inc. increased its holdings in shares of Invesco S&P 500 Momentum ETF by 62.0% during the 3rd quarter. Raymond James Financial Inc. now owns 1,341,003 shares of the company’s stock worth $162,342,000 after acquiring an additional 513,037 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its holdings in Invesco S&P 500 Momentum ETF by 254.4% in the 4th quarter. Thrivent Financial for Lutherans now owns 545,673 shares of the company’s stock valued at $65,356,000 after buying an additional 391,694 shares in the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

Shares of NYSEARCA SPMO opened at $144.69 on Friday. The stock’s fifty day moving average price is $126.53 and its two-hundred day moving average price is $121.83. Invesco S&P 500 Momentum ETF has a one year low of $101.80 and a one year high of $147.87. The firm has a market cap of $17.64 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.