Advisor Resource Council Invests $1.18 Million in Invesco S&P 500 Momentum ETF $SPMO

Advisor Resource Council purchased a new stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 9,714 shares of the company’s stock, valued at approximately $1,176,000. Invesco S&P 500 Momentum ETF accounts for about 1.6% of Advisor Resource Council’s portfolio, making the stock its 11th largest position.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CWM LLC increased its holdings in shares of Invesco S&P 500 Momentum ETF by 6.7% in the third quarter. CWM LLC now owns 2,622,555 shares of the company’s stock valued at $317,486,000 after purchasing an additional 164,530 shares during the period. Vantagepoint Investment Advisers LLC acquired a new position in Invesco S&P 500 Momentum ETF in the 3rd quarter valued at $317,167,000. Bank of America Corp DE lifted its stake in shares of Invesco S&P 500 Momentum ETF by 30.4% in the 2nd quarter. Bank of America Corp DE now owns 2,411,349 shares of the company’s stock worth $271,204,000 after acquiring an additional 562,290 shares during the period. Osaic Holdings Inc. boosted its holdings in shares of 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 valued at $120,105,000 after acquiring an additional 612,432 shares in the last quarter. Finally, Money Concepts Capital Corp increased its stake in shares of Invesco S&P 500 Momentum ETF by 0.4% during the third quarter. Money Concepts Capital Corp now owns 997,865 shares of the company’s stock worth $120,801,000 after acquiring an additional 3,483 shares during the period.

Invesco S&P 500 Momentum ETF Stock Down 1.2%

NYSEARCA SPMO opened at $118.24 on Monday. The stock has a market capitalization of $13.42 billion, a P/E ratio of 29.51 and a beta of 0.98. Invesco S&P 500 Momentum ETF has a 52-week low of $78.25 and a 52-week high of $124.56. The firm has a 50-day moving average price of $119.39 and a 200 day moving average price of $119.50.

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.