Compass Financial Management LLC Purchases New 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) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 26,403 shares of the company’s stock, valued at approximately $4,265,000.

Other large investors also recently added to or reduced their stakes in the company. LPL Financial LLC boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 2.8% in the 4th quarter. LPL Financial LLC now owns 6,624,488 shares of the company’s stock worth $790,434,000 after purchasing an additional 182,485 shares during the period. Bank of America Corp DE raised its holdings in Invesco S&P 500 Momentum ETF by 15.5% during the 3rd quarter. Bank of America Corp DE now owns 2,785,766 shares of the company’s stock valued at $337,245,000 after buying an additional 374,417 shares during the period. Morgan Stanley raised its holdings in Invesco S&P 500 Momentum ETF by 8.1% during the 4th quarter. Morgan Stanley now owns 2,682,877 shares of the company’s stock valued at $320,121,000 after buying an additional 199,934 shares during the period. Raymond James Financial Inc. lifted its position in Invesco S&P 500 Momentum ETF by 28.7% in the fourth quarter. Raymond James Financial Inc. now owns 1,726,149 shares of the company’s stock worth $205,964,000 after buying an additional 385,146 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its position in Invesco S&P 500 Momentum ETF by 1,586.1% in 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 last quarter.

Invesco S&P 500 Momentum ETF Stock Up 0.3%

NYSEARCA SPMO opened at $148.73 on Friday. The company has a fifty day moving average of $151.03 and a two-hundred day moving average of $136.29. The firm has a market capitalization of $21.78 billion, a price-to-earnings ratio of 29.51 and a beta of 1.10. Invesco S&P 500 Momentum ETF has a 52 week low of $107.24 and a 52 week high of $162.30.

About Invesco S&P 500 Momentum ETF

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.