J.W. Cole Advisors Inc. Has $583,000 Holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

J.W. Cole Advisors Inc. increased its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 112.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,430 shares of the company’s stock after acquiring an additional 3,400 shares during the period. J.W. Cole Advisors Inc.’s holdings in Invesco S&P 500 Momentum ETF were worth $583,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in SPMO. Envestnet Asset Management Inc. increased its stake in Invesco S&P 500 Momentum ETF by 36.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 5,461,136 shares of the company’s stock valued at $477,631,000 after buying an additional 1,456,957 shares during the last quarter. Orion Portfolio Solutions LLC purchased a new stake in Invesco S&P 500 Momentum ETF in the 1st quarter valued at about $46,012,000. LPL Financial LLC increased its stake in Invesco S&P 500 Momentum ETF by 33.7% in the 2nd quarter. LPL Financial LLC now owns 1,129,339 shares of the company’s stock valued at $98,772,000 after buying an additional 284,359 shares during the last quarter. Osaic Holdings Inc. increased its stake in Invesco S&P 500 Momentum ETF by 141.5% in the 1st quarter. Osaic Holdings Inc. now owns 475,857 shares of the company’s stock valued at $38,137,000 after buying an additional 278,798 shares during the last quarter. Finally, Mainstay Capital Management LLC ADV purchased a new stake in Invesco S&P 500 Momentum ETF in the 3rd quarter valued at about $23,247,000.

Invesco S&P 500 Momentum ETF Stock Performance

NYSEARCA:SPMO opened at $92.73 on Thursday. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of 20.66 and a beta of 1.00. Invesco S&P 500 Momentum ETF has a 52 week low of $55.77 and a 52 week high of $94.69. The firm has a 50-day moving average price of $90.44 and a two-hundred day moving average price of $86.07.

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.