Arkadios Wealth Advisors Acquires 766 Shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Arkadios Wealth Advisors lifted its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 7.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,141 shares of the company’s stock after acquiring an additional 766 shares during the period. Arkadios Wealth Advisors’ holdings in Invesco S&P 500 Momentum ETF were worth $1,059,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. PSI Advisors LLC raised its holdings in Invesco S&P 500 Momentum ETF by 61.8% during the 4th 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. Weaver Consulting Group raised its stake in shares of Invesco S&P 500 Momentum ETF by 1.9% in the fourth quarter. Weaver Consulting Group now owns 11,145 shares of the company’s stock valued at $1,059,000 after acquiring an additional 204 shares during the period. Continuum Advisory LLC lifted 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 acquiring an additional 216 shares during the last quarter. Convergence Financial LLC boosted its stake in shares of Invesco S&P 500 Momentum ETF by 1.1% during the 3rd quarter. Convergence Financial LLC now owns 40,832 shares of the company’s stock worth $3,701,000 after purchasing an additional 451 shares during the period. Finally, Professional Financial Advisors LLC grew its holdings in Invesco S&P 500 Momentum ETF by 1.0% during the 3rd quarter. Professional Financial Advisors LLC now owns 46,908 shares of the company’s stock valued at $4,252,000 after purchasing an additional 462 shares during the last quarter.

Invesco S&P 500 Momentum ETF Stock Performance

SPMO opened at $98.65 on Monday. Invesco S&P 500 Momentum ETF has a one year low of $66.52 and a one year high of $98.79. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of 20.66 and a beta of 1.00. The stock’s 50 day moving average price is $96.41 and its 200-day moving average price is $91.74.

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.