Axxcess Wealth Management LLC Purchases 26,628 Shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Axxcess Wealth Management LLC boosted its position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 147.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 44,747 shares of the company’s stock after purchasing an additional 26,628 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $4,251,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in SPMO. PSI Advisors LLC lifted its stake in Invesco S&P 500 Momentum ETF by 61.8% in the fourth quarter. PSI Advisors LLC now owns 288 shares of the company’s stock valued at $27,000 after buying an additional 110 shares during the period. D.A. Davidson & CO. raised its position in shares of Invesco S&P 500 Momentum ETF by 1.4% in the 4th quarter. D.A. Davidson & CO. now owns 9,586 shares of the company’s stock valued at $911,000 after acquiring an additional 134 shares during the period. Weaver Consulting Group boosted its stake in Invesco S&P 500 Momentum ETF by 1.9% during the 4th quarter. Weaver Consulting Group now owns 11,145 shares of the company’s stock worth $1,059,000 after acquiring an additional 204 shares during the last quarter. Global Trust Asset Management LLC grew its holdings in Invesco S&P 500 Momentum ETF by 95.5% during the fourth quarter. Global Trust Asset Management LLC now owns 430 shares of the company’s stock valued at $41,000 after purchasing an additional 210 shares during the period. Finally, Continuum Advisory LLC increased its stake in Invesco S&P 500 Momentum ETF by 44.2% in the third quarter. Continuum Advisory LLC now owns 705 shares of the company’s stock valued at $67,000 after purchasing an additional 216 shares in the last quarter.

Invesco S&P 500 Momentum ETF Stock Down 1.3 %

Shares of NYSEARCA SPMO opened at $93.30 on Wednesday. Invesco S&P 500 Momentum ETF has a twelve month low of $74.40 and a twelve month high of $103.44. The stock has a market cap of $5.19 billion, a price-to-earnings ratio of 24.89 and a beta of 0.93. The company’s fifty day moving average is $98.65 and its 200-day moving average is $95.31.

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.