Axxcess Wealth Management LLC Has $18.26 Million Position in Invesco S&P 500 Momentum ETF $SPMO

Axxcess Wealth Management LLC cut its position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 7.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 150,833 shares of the company’s stock after selling 11,816 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $18,260,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SPMO. Castleview Partners LLC increased its position in shares of Invesco S&P 500 Momentum ETF by 3.2% in the 3rd quarter. Castleview Partners LLC now owns 2,734 shares of the company’s stock valued at $331,000 after buying an additional 84 shares in the last quarter. Stephens Inc. AR increased its holdings in shares of Invesco S&P 500 Momentum ETF by 2.1% in the second quarter. Stephens Inc. AR now owns 4,408 shares of the company’s stock worth $496,000 after acquiring an additional 89 shares in the last quarter. Caliber Wealth Management LLC KS raised its position in shares of Invesco S&P 500 Momentum ETF by 4.9% during the third quarter. Caliber Wealth Management LLC KS now owns 1,945 shares of the company’s stock worth $235,000 after purchasing an additional 90 shares during the period. LexAurum Advisors LLC lifted its holdings in shares of Invesco S&P 500 Momentum ETF by 4.3% during the 3rd quarter. LexAurum Advisors LLC now owns 2,225 shares of the company’s stock valued at $269,000 after purchasing an additional 92 shares in the last quarter. Finally, Strait & Sound Wealth Management LLC grew its position in shares of Invesco S&P 500 Momentum ETF by 0.7% in the 2nd quarter. Strait & Sound Wealth Management LLC now owns 14,349 shares of the company’s stock valued at $1,614,000 after purchasing an additional 94 shares during the period.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of SPMO stock opened at $118.86 on Wednesday. Invesco S&P 500 Momentum ETF has a 52 week low of $78.25 and a 52 week high of $124.56. The company’s 50 day moving average price is $119.52 and its two-hundred day moving average price is $119.25. The company has a market capitalization of $13.50 billion, a P/E ratio of 29.51 and a beta of 0.98.

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.