Compass Financial Management LLC Buys New Stake in Invesco S&P 500 Momentum ETF $SPMO

Compass Financial Management LLC purchased a new position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the 2nd quarter, Holdings Channel.com reports. The firm purchased 26,403 shares of the company’s stock, valued at approximately $4,265,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BNP Paribas Financial Markets increased its position in Invesco S&P 500 Momentum ETF by 1,586.1% during the fourth quarter. BNP Paribas Financial Markets now owns 1,423,949 shares of the company’s stock worth $169,906,000 after buying an additional 1,339,497 shares during the period. Invst LLC lifted its stake in Invesco S&P 500 Momentum ETF by 8.9% in the fourth quarter. Invst LLC now owns 306,818 shares of the company’s stock valued at $36,610,000 after buying an additional 25,006 shares during the last quarter. Synergy Investment Management LLC boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 91.7% in the fourth quarter. Synergy Investment Management LLC now owns 39,483 shares of the company’s stock valued at $4,711,000 after acquiring an additional 18,883 shares during the period. Triton Wealth Management PLLC boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 13.5% in the fourth quarter. Triton Wealth Management PLLC now owns 241,617 shares of the company’s stock valued at $28,694,000 after acquiring an additional 28,659 shares during the period. Finally, Entelevest LLC purchased a new position in shares of Invesco S&P 500 Momentum ETF during the fourth quarter worth approximately $2,287,000.

Invesco S&P 500 Momentum ETF Price Performance

Shares of Invesco S&P 500 Momentum ETF stock opened at $149.72 on Friday. The firm’s fifty day simple moving average is $149.05 and its 200-day simple moving average is $138.25. The stock has a market capitalization of $21.92 billion, a price-to-earnings ratio of 29.51 and a beta of 1.10. Invesco S&P 500 Momentum ETF has a 12 month low of $107.24 and a 12 month high of $162.30.

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.