Tompkins Financial Corp Makes New $36.99 Million Investment in Invesco S&P 500 Momentum ETF $SPMO

Tompkins Financial Corp acquired a new stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 244,030 shares of the company’s stock, valued at approximately $36,990,000. Invesco S&P 500 Momentum ETF accounts for 2.6% of Tompkins Financial Corp’s holdings, making the stock its 10th biggest holding.

Several other hedge funds have also recently bought and sold shares of the company. Coppell Advisory Solutions LLC purchased a new position in Invesco S&P 500 Momentum ETF during the 2nd quarter valued at about $26,000. Blue Trust Inc. increased its stake in Invesco S&P 500 Momentum ETF by 35.8% during the first quarter. Blue Trust Inc. now owns 353 shares of the company’s stock worth $40,000 after purchasing an additional 93 shares during the period. Montgomery Financial Services LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the second quarter worth about $46,000. Networth Advisors LLC acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the first quarter worth about $48,000. Finally, Wellington Grp LLC boosted its stake in shares of Invesco S&P 500 Momentum ETF by 43.6% in the first quarter. Wellington Grp LLC now owns 458 shares of the company’s stock valued at $51,000 after purchasing an additional 139 shares during the period.

Invesco S&P 500 Momentum ETF Price Performance

Shares of SPMO stock traded down $0.04 during trading on Monday, reaching $153.19. The company’s stock had a trading volume of 988,431 shares, compared to its average volume of 1,945,528. The company has a market capitalization of $23.31 billion, a price-to-earnings ratio of 29.51 and a beta of 1.10. The stock’s 50-day moving average price is $148.59 and its 200 day moving average price is $142.73. 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 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.