Compass Financial Services Inc Boosts Stake in Invesco S&P 500 Momentum ETF $SPMO

Compass Financial Services Inc boosted its position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 5.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,848 shares of the company’s stock after purchasing an additional 4,666 shares during the quarter. Invesco S&P 500 Momentum ETF comprises 4.4% of Compass Financial Services Inc’s investment portfolio, making the stock its 8th biggest position. Compass Financial Services Inc owned about 0.07% of Invesco S&P 500 Momentum ETF worth $10,124,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of SPMO. Dunhill Financial LLC purchased a new position in shares of Invesco S&P 500 Momentum ETF during the 3rd quarter valued at $33,000. Elevated Capital Advisors LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF in the fourth quarter worth $33,000. Dogwood Wealth Management LLC bought a new stake in Invesco S&P 500 Momentum ETF during the fourth quarter valued at $44,000. MAI Capital Management bought a new stake in Invesco S&P 500 Momentum ETF during the third quarter valued at $50,000. Finally, Salomon & Ludwin LLC grew its position in Invesco S&P 500 Momentum ETF by 61.3% during the fourth quarter. Salomon & Ludwin LLC now owns 492 shares of the company’s stock worth $59,000 after buying an additional 187 shares in the last quarter.

Invesco S&P 500 Momentum ETF Stock Up 2.8%

Shares of NYSEARCA SPMO opened at $159.90 on Friday. The stock’s 50-day simple moving average is $141.01 and its two-hundred day simple moving average is $126.43. The firm has a market capitalization of $19.50 billion, a P/E ratio of 29.51 and a beta of 1.11. Invesco S&P 500 Momentum ETF has a twelve month low of $106.57 and a twelve month high of $160.65.

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.