B. Riley Wealth Advisors Inc. Purchases 8,741 Shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

B. Riley Wealth Advisors Inc. increased its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 14.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,098 shares of the company’s stock after acquiring an additional 8,741 shares during the period. B. Riley Wealth Advisors Inc. owned about 0.44% of Invesco S&P 500 Momentum ETF worth $6,336,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of SPMO. ORG Partners LLC purchased a new stake in Invesco S&P 500 Momentum ETF during the second quarter worth about $38,000. Concourse Financial Group Securities Inc. increased its stake in shares of Invesco S&P 500 Momentum ETF by 103.9% during the 2nd quarter. Concourse Financial Group Securities Inc. now owns 569 shares of the company’s stock worth $50,000 after purchasing an additional 290 shares during the last quarter. Continuum Advisory LLC raised its holdings in shares of Invesco S&P 500 Momentum ETF by 44.2% in the 3rd quarter. Continuum Advisory LLC now owns 705 shares of the company’s stock worth $67,000 after purchasing an additional 216 shares during the period. Legacy Investment Solutions LLC purchased a new position in Invesco S&P 500 Momentum ETF in the third quarter valued at approximately $76,000. Finally, Richardson Financial Services Inc. lifted its stake in Invesco S&P 500 Momentum ETF by 26.8% in the second quarter. Richardson Financial Services Inc. now owns 946 shares of the company’s stock valued at $83,000 after purchasing an additional 200 shares during the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

NYSEARCA:SPMO opened at $97.77 on Friday. The company has a market capitalization of $1.58 billion, a P/E ratio of 20.66 and a beta of 1.00. The business has a fifty day simple moving average of $94.82 and a two-hundred day simple moving average of $89.81. Invesco S&P 500 Momentum ETF has a 1 year low of $63.74 and a 1 year high of $98.76.

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.