Axxcess Wealth Management LLC Buys 102,673 Shares of Invesco S&P 500 Momentum ETF $SPMO

Axxcess Wealth Management LLC increased its stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 171.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 162,649 shares of the company’s stock after purchasing an additional 102,673 shares during the period. Axxcess Wealth Management LLC owned 0.18% of Invesco S&P 500 Momentum ETF worth $18,293,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. WealthShield Partners LLC raised its position in Invesco S&P 500 Momentum ETF by 51.2% in the 1st quarter. WealthShield Partners LLC now owns 307 shares of the company’s stock worth $28,000 after purchasing an additional 104 shares during the last quarter. Sutton Place Investors LLC grew its holdings in Invesco S&P 500 Momentum ETF by 1.8% during the 2nd quarter. Sutton Place Investors LLC now owns 6,015 shares of the company’s stock worth $677,000 after acquiring an additional 109 shares during the period. Investor s Fiduciary Advisor Network LLC grew its holdings in Invesco S&P 500 Momentum ETF by 2.3% during the 1st quarter. Investor s Fiduciary Advisor Network LLC now owns 4,983 shares of the company’s stock worth $461,000 after acquiring an additional 111 shares during the period. Firethorn Wealth Partners LLC grew its holdings in Invesco S&P 500 Momentum ETF by 1.2% during the 2nd quarter. Firethorn Wealth Partners LLC now owns 9,556 shares of the company’s stock worth $1,075,000 after acquiring an additional 116 shares during the period. Finally, MSH Capital Advisors LLC grew its holdings in Invesco S&P 500 Momentum ETF by 3.8% during the 2nd quarter. MSH Capital Advisors LLC now owns 3,320 shares of the company’s stock worth $373,000 after acquiring an additional 121 shares during the period.

Invesco S&P 500 Momentum ETF Stock Performance

SPMO opened at $121.17 on Tuesday. The company has a fifty day moving average price of $118.71 and a two-hundred day moving average price of $108.56. Invesco S&P 500 Momentum ETF has a 52 week low of $78.25 and a 52 week high of $122.53. The firm has a market capitalization of $13.21 billion, a PE ratio of 29.51 and a beta of 0.89.

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.