Integrated Wealth Concepts LLC Has $22.08 Million Stock Position in Invesco S&P 500 Momentum ETF $SPMO

Integrated Wealth Concepts LLC boosted its position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 96.3% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 136,683 shares of the company’s stock after buying an additional 67,068 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $22,080,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. NewEdge Advisors LLC grew its position in shares of Invesco S&P 500 Momentum ETF by 42.1% during the 2nd quarter. NewEdge Advisors LLC now owns 200,379 shares of the company’s stock worth $32,369,000 after buying an additional 59,349 shares during the period. IFP Advisors Inc lifted its holdings in Invesco S&P 500 Momentum ETF by 5.8% in the second quarter. IFP Advisors Inc now owns 9,352 shares of the company’s stock valued at $1,511,000 after buying an additional 512 shares during the period. Baird Financial Group Inc. lifted its holdings in Invesco S&P 500 Momentum ETF by 56.5% in the second quarter. Baird Financial Group Inc. now owns 11,030 shares of the company’s stock valued at $1,782,000 after buying an additional 3,980 shares during the period. XY Planning Network Inc. boosted its stake in Invesco S&P 500 Momentum ETF by 2.1% in the second quarter. XY Planning Network Inc. now owns 11,669 shares of the company’s stock valued at $1,885,000 after acquiring an additional 236 shares during the last quarter. Finally, Ameritas Advisory Services LLC grew its holdings in Invesco S&P 500 Momentum ETF by 928.3% during the 2nd quarter. Ameritas Advisory Services LLC now owns 150,022 shares of the company’s stock worth $24,235,000 after acquiring an additional 135,432 shares during the period.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of Invesco S&P 500 Momentum ETF stock opened at $150.30 on Thursday. The firm has a fifty day moving average of $148.55 and a two-hundred day moving average of $139.05. The stock has a market capitalization of $22.01 billion, a price-to-earnings ratio of 29.51 and a beta of 1.10. Invesco S&P 500 Momentum ETF has a 52 week low of $107.24 and a 52 week high of $162.30.

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.