Ocean Park Asset Management LLC Purchases New Shares in Invesco S&P 500 Momentum ETF $SPMO

Ocean Park Asset Management LLC purchased a new position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,534 shares of the company’s stock, valued at approximately $732,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Elevated Capital Advisors LLC bought a new stake in shares of Invesco S&P 500 Momentum ETF during the 4th quarter valued at $33,000. Blue Trust Inc. increased its stake in shares of Invesco S&P 500 Momentum ETF by 35.8% in the 1st quarter. Blue Trust Inc. now owns 353 shares of the company’s stock worth $40,000 after acquiring an additional 93 shares in the last quarter. Dogwood Wealth Management LLC purchased a new position in Invesco S&P 500 Momentum ETF during the 4th quarter valued at about $44,000. Networth Advisors LLC purchased a new position in Invesco S&P 500 Momentum ETF during the 1st quarter valued at about $48,000. Finally, Wellington Grp LLC lifted its position in Invesco S&P 500 Momentum ETF by 43.6% during the 1st quarter. Wellington Grp LLC now owns 458 shares of the company’s stock valued at $51,000 after acquiring an additional 139 shares during the period.

Invesco S&P 500 Momentum ETF Price Performance

NYSEARCA:SPMO opened at $148.56 on Wednesday. The firm has a market capitalization of $21.76 billion, a P/E ratio of 29.51 and a beta of 1.10. Invesco S&P 500 Momentum ETF has a one year low of $107.24 and a one year high of $162.30. The company’s 50-day simple moving average is $150.74 and its 200 day simple moving average is $134.61.

Invesco S&P 500 Momentum ETF Company 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.