Compass Financial Services Inc grew its position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 5.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 84,848 shares of the company’s stock after purchasing an additional 4,666 shares during the period. Invesco S&P 500 Momentum ETF comprises about 4.4% of Compass Financial Services Inc’s holdings, making the stock its 8th largest holding. Compass Financial Services Inc’s holdings in Invesco S&P 500 Momentum ETF were worth $10,124,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Dunhill Financial LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF in the 3rd quarter valued at $33,000. Elevated Capital Advisors LLC purchased a new stake in Invesco S&P 500 Momentum ETF during the fourth quarter valued at about $33,000. Dogwood Wealth Management LLC bought a new position in shares of Invesco S&P 500 Momentum ETF during the fourth quarter valued at about $44,000. MAI Capital Management bought a new position in shares of Invesco S&P 500 Momentum ETF during the third quarter valued at about $50,000. Finally, Salomon & Ludwin LLC lifted its stake in shares of Invesco S&P 500 Momentum ETF by 61.3% in the 4th quarter. Salomon & Ludwin LLC now owns 492 shares of the company’s stock valued at $59,000 after acquiring an additional 187 shares during the last quarter.
Invesco S&P 500 Momentum ETF Price Performance
SPMO opened at $159.90 on Friday. The stock’s 50 day simple moving average is $141.01 and its 200 day simple moving average is $126.43. The firm has a market cap of $19.50 billion, a price-to-earnings ratio of 29.51 and a beta of 1.11. Invesco S&P 500 Momentum ETF has a 1 year low of $106.57 and a 1 year high of $160.65.
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.
Further Reading
- Five stocks we like better than Invesco S&P 500 Momentum ETF
- Credo Technologies Accelerates AI—Its Stock Price Will Follow
- Qualcomm Goes All-In: The $10B Bet to Crush NVIDIA
- Jabil Just Gave Investors a Stronger Reason to Buy the Dip
- CarMax In Reverse? Why You Should Buy Now Before the Big Catalysts Emerge
Want to see what other hedge funds are holding SPMO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report).
Receive News & Ratings for Invesco S&P 500 Momentum ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco S&P 500 Momentum ETF and related companies with MarketBeat.com's FREE daily email newsletter.
