Arkadios Wealth Advisors Raises Holdings in Invesco S&P 500 Momentum ETF $SPMO

Arkadios Wealth Advisors increased its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 12.5% in the second quarter, HoldingsChannel.com reports. The firm owned 15,682 shares of the company’s stock after buying an additional 1,743 shares during the quarter. Arkadios Wealth Advisors’ holdings in Invesco S&P 500 Momentum ETF were worth $1,764,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of SPMO. Envestnet Asset Management Inc. raised its holdings in Invesco S&P 500 Momentum ETF by 35.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 8,166,537 shares of the company’s stock worth $918,490,000 after purchasing an additional 2,151,980 shares during the period. LPL Financial LLC raised its holdings in Invesco S&P 500 Momentum ETF by 64.3% in the 1st quarter. LPL Financial LLC now owns 3,579,241 shares of the company’s stock worth $331,187,000 after purchasing an additional 1,400,512 shares during the period. Mainstay Capital Management LLC ADV raised its holdings in Invesco S&P 500 Momentum ETF by 111.9% in the 2nd quarter. Mainstay Capital Management LLC ADV now owns 2,628,653 shares of the company’s stock worth $295,645,000 after purchasing an additional 1,388,287 shares during the period. CWM LLC raised its holdings in Invesco S&P 500 Momentum ETF by 87.2% in the 2nd quarter. CWM LLC now owns 2,458,025 shares of the company’s stock worth $276,454,000 after purchasing an additional 1,144,827 shares during the period. Finally, BNP Paribas Financial Markets acquired a new position in Invesco S&P 500 Momentum ETF in the 1st quarter worth about $40,743,000.

Invesco S&P 500 Momentum ETF Trading Down 0.1%

NYSEARCA SPMO opened at $121.70 on Friday. The stock has a market capitalization of $13.27 billion, a price-to-earnings ratio of 29.51 and a beta of 0.98. Invesco S&P 500 Momentum ETF has a twelve month low of $78.25 and a twelve month high of $124.56. The stock has a 50-day moving average of $120.04 and a 200 day moving average of $111.61.

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.