Beacon Financial Advisory LLC Boosts Stock Position in Invesco S&P 500 Momentum ETF $SPMO

Beacon Financial Advisory LLC increased its position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 13.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,170 shares of the company’s stock after acquiring an additional 621 shares during the period. Beacon Financial Advisory LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $582,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of SPMO. Envestnet Asset Management Inc. increased its stake in Invesco S&P 500 Momentum ETF by 41.7% during the first quarter. Envestnet Asset Management Inc. now owns 6,014,557 shares of the company’s stock worth $556,527,000 after purchasing an additional 1,770,226 shares during the period. LPL Financial LLC increased its stake in Invesco S&P 500 Momentum ETF by 64.3% during the 1st quarter. LPL Financial LLC now owns 3,579,241 shares of the company’s stock worth $331,187,000 after buying an additional 1,400,512 shares during the period. Clark Capital Management Group Inc. lifted its holdings in Invesco S&P 500 Momentum ETF by 35.4% during the 1st quarter. Clark Capital Management Group Inc. now owns 1,683,208 shares of the company’s stock worth $155,747,000 after buying an additional 440,005 shares in the last quarter. CWM LLC lifted its holdings in Invesco S&P 500 Momentum ETF by 201.9% during the 1st quarter. CWM LLC now owns 1,313,198 shares of the company’s stock worth $121,510,000 after buying an additional 878,259 shares in the last quarter. Finally, Mainstay Capital Management LLC ADV boosted its position in Invesco S&P 500 Momentum ETF by 1.9% in the 1st quarter. Mainstay Capital Management LLC ADV now owns 1,240,366 shares of the company’s stock valued at $114,771,000 after buying an additional 23,474 shares during the period.

Invesco S&P 500 Momentum ETF Stock Down 0.6%

NYSEARCA:SPMO opened at $120.09 on Monday. Invesco S&P 500 Momentum ETF has a 52 week low of $78.25 and a 52 week high of $122.30. The company has a fifty day simple moving average of $118.03 and a two-hundred day simple moving average of $107.48. The company has a market cap of $13.13 billion, a price-to-earnings 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.