LWM Advisory Services LLC Raises Stock Position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

LWM Advisory Services LLC lifted its stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 19.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 35,044 shares of the company’s stock after buying an additional 5,680 shares during the quarter. Invesco S&P 500 Momentum ETF makes up approximately 2.3% of LWM Advisory Services LLC’s investment portfolio, making the stock its 12th biggest holding. LWM Advisory Services LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $3,329,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of SPMO. Raymond James & Associates increased its position in shares of Invesco S&P 500 Momentum ETF by 497.5% during the third quarter. Raymond James & Associates now owns 56,511 shares of the company’s stock worth $5,122,000 after acquiring an additional 47,053 shares during the period. Private Advisor Group LLC increased its position in shares of Invesco S&P 500 Momentum ETF by 26.6% during the third quarter. Private Advisor Group LLC now owns 25,667 shares of the company’s stock worth $2,326,000 after acquiring an additional 5,396 shares during the period. Convergence Financial LLC increased its position in shares of Invesco S&P 500 Momentum ETF by 1.1% during the third quarter. Convergence Financial LLC now owns 40,832 shares of the company’s stock worth $3,701,000 after acquiring an additional 451 shares during the period. Allworth Financial LP increased its position in shares of Invesco S&P 500 Momentum ETF by 30.9% during the third quarter. Allworth Financial LP now owns 28,222 shares of the company’s stock worth $2,558,000 after acquiring an additional 6,657 shares during the period. Finally, Arkadios Wealth Advisors increased its position in shares of Invesco S&P 500 Momentum ETF by 9.7% during the third quarter. Arkadios Wealth Advisors now owns 10,375 shares of the company’s stock worth $940,000 after acquiring an additional 919 shares during the period.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of NYSEARCA:SPMO opened at $99.91 on Friday. The firm has a market cap of $5.56 billion, a PE ratio of 26.90 and a beta of 0.94. The firm’s 50 day simple moving average is $98.87 and its 200-day simple moving average is $94.16. Invesco S&P 500 Momentum ETF has a one year low of $74.40 and a one year high of $103.44.

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.