Axxcess Wealth Management LLC Takes $2.14 Million Position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Axxcess Wealth Management LLC bought a new position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 24,448 shares of the company’s stock, valued at approximately $2,138,000. Axxcess Wealth Management LLC owned 0.15% of Invesco S&P 500 Momentum ETF at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Commonwealth Equity Services LLC boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 186.0% during the 1st quarter. Commonwealth Equity Services LLC now owns 18,720 shares of the company’s stock worth $1,502,000 after buying an additional 12,174 shares in the last quarter. Atomi Financial Group Inc. acquired a new stake in Invesco S&P 500 Momentum ETF in the first quarter worth $482,000. New Century Financial Group LLC acquired a new stake in Invesco S&P 500 Momentum ETF in the first quarter worth $498,000. Oppenheimer & Co. Inc. increased its stake in Invesco S&P 500 Momentum ETF by 19.0% in the first quarter. Oppenheimer & Co. Inc. now owns 7,981 shares of the company’s stock valued at $640,000 after purchasing an additional 1,277 shares in the last quarter. Finally, Park Avenue Securities LLC acquired a new position in shares of Invesco S&P 500 Momentum ETF during the first quarter valued at about $1,708,000.

Invesco S&P 500 Momentum ETF Price Performance

Shares of SPMO opened at $88.31 on Thursday. Invesco S&P 500 Momentum ETF has a one year low of $55.32 and a one year high of $91.64. The company has a market cap of $1.42 billion, a PE ratio of 20.66 and a beta of 1.00. The stock has a 50-day moving average of $86.68 and a 200-day moving average of $83.44.

Invesco S&P 500 Momentum ETF 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.