Compass Financial Management LLC Takes Position in Invesco S&P 500 Momentum ETF $SPMO

Compass Financial Management LLC purchased a new position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 26,403 shares of the company’s stock, valued at approximately $4,265,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Capstone Wealth Management Group LLC lifted its position in shares of Invesco S&P 500 Momentum ETF by 129.4% during the first quarter. Capstone Wealth Management Group LLC now owns 116,148 shares of the company’s stock worth $10,747,000 after purchasing an additional 65,515 shares during the last quarter. Goldman Sachs Group Inc. purchased a new position in Invesco S&P 500 Momentum ETF in the 1st quarter worth about $18,900,000. Jane Street Group LLC increased its stake in Invesco S&P 500 Momentum ETF by 346.5% in the 1st quarter. Jane Street Group LLC now owns 40,389 shares of the company’s stock worth $3,737,000 after buying an additional 31,344 shares during the period. Invesco Ltd. lifted its holdings in Invesco S&P 500 Momentum ETF by 43.9% during the 2nd quarter. Invesco Ltd. now owns 76,100 shares of the company’s stock valued at $8,559,000 after buying an additional 23,223 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in Invesco S&P 500 Momentum ETF by 11.7% during the 2nd quarter. NewEdge Advisors LLC now owns 49,744 shares of the company’s stock valued at $5,595,000 after buying an additional 5,209 shares in the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

Invesco S&P 500 Momentum ETF stock opened at $148.73 on Friday. The stock has a market cap of $21.78 billion, a price-to-earnings ratio of 29.51 and a beta of 1.10. The firm has a 50-day moving average of $151.03 and a two-hundred day moving average of $136.29. Invesco S&P 500 Momentum ETF has a 1 year low of $107.24 and a 1 year 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.