B. Riley Wealth Advisors Inc. Takes $5.37 Million Position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

B. Riley Wealth Advisors Inc. bought a new position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 61,357 shares of the company’s stock, valued at approximately $5,366,000. B. Riley Wealth Advisors Inc. owned 0.38% of Invesco S&P 500 Momentum ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its holdings in Invesco S&P 500 Momentum ETF by 36.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 5,461,136 shares of the company’s stock worth $477,631,000 after buying an additional 1,456,957 shares during the last quarter. Orion Portfolio Solutions LLC purchased a new stake in Invesco S&P 500 Momentum ETF during the first quarter worth approximately $46,012,000. Advance Capital Management Inc. acquired a new position in Invesco S&P 500 Momentum ETF in the first quarter valued at approximately $37,208,000. LPL Financial LLC increased its stake in Invesco S&P 500 Momentum ETF by 33.7% in the second quarter. LPL Financial LLC now owns 1,129,339 shares of the company’s stock valued at $98,772,000 after purchasing an additional 284,359 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its position in shares of Invesco S&P 500 Momentum ETF by 141.5% during the 1st quarter. Osaic Holdings Inc. now owns 475,857 shares of the company’s stock worth $38,137,000 after buying an additional 278,798 shares during the last quarter.

Invesco S&P 500 Momentum ETF Trading Up 0.3 %

Shares of Invesco S&P 500 Momentum ETF stock opened at $90.64 on Tuesday. The company has a fifty day simple moving average of $86.99 and a 200-day simple moving average of $84.05. Invesco S&P 500 Momentum ETF has a 12-month low of $55.32 and a 12-month high of $91.96. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of 20.66 and a beta of 1.00.

About Invesco S&P 500 Momentum ETF

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.