Flagship Wealth Advisors LLC Takes Position in Invesco S&P 500 Momentum ETF $SPMO

Flagship Wealth Advisors LLC bought a new position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,325 shares of the company’s stock, valued at approximately $887,000.

A number of other institutional investors have also made changes to their positions in SPMO. Envestnet Asset Management Inc. boosted its position 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 valued at $918,490,000 after buying an additional 2,151,980 shares during the last quarter. Mainstay Capital Management LLC ADV increased its stake in Invesco S&P 500 Momentum ETF by 111.9% during the second quarter. Mainstay Capital Management LLC ADV now owns 2,628,653 shares of the company’s stock valued at $295,645,000 after purchasing an additional 1,388,287 shares during the last quarter. CWM LLC grew its position in shares of Invesco S&P 500 Momentum ETF by 6.7% during the 3rd quarter. CWM LLC now owns 2,622,555 shares of the company’s stock valued at $317,486,000 after buying an additional 164,530 shares during the last quarter. Bank of America Corp DE raised its position in shares of Invesco S&P 500 Momentum ETF by 30.4% during the 2nd quarter. Bank of America Corp DE now owns 2,411,349 shares of the company’s stock worth $271,204,000 after purchasing an additional 562,290 shares during the period. Finally, Osaic Holdings Inc. increased its position in Invesco S&P 500 Momentum ETF by 126.3% in the second quarter. Osaic Holdings Inc. now owns 1,097,393 shares of the company’s stock worth $120,105,000 after buying an additional 612,432 shares during the period.

Invesco S&P 500 Momentum ETF Stock Up 0.2%

Shares of NYSEARCA:SPMO opened at $117.94 on Friday. The company’s 50-day moving average price is $119.21 and its 200 day moving average price is $118.47. The company has a market cap of $13.47 billion, a PE ratio of 29.51 and a beta of 0.98. Invesco S&P 500 Momentum ETF has a fifty-two week low of $78.25 and a fifty-two week high of $124.56.

Invesco S&P 500 Momentum ETF Company 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.