Compass Financial Services Inc Acquires Shares of 766 Invesco S&P 500 Momentum ETF $SPMO

Compass Financial Services Inc acquired a new stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 766 shares of the company’s stock, valued at approximately $71,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sowell Financial Services LLC acquired a new position in Invesco S&P 500 Momentum ETF in the 1st quarter valued at $202,000. Patriot Financial Group Insurance Agency LLC grew its holdings in Invesco S&P 500 Momentum ETF by 6.7% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 11,696 shares of the company’s stock valued at $1,082,000 after buying an additional 733 shares in the last quarter. WJ Wealth Management LLC grew its holdings in Invesco S&P 500 Momentum ETF by 54.8% in the 1st quarter. WJ Wealth Management LLC now owns 88,679 shares of the company’s stock valued at $8,205,000 after buying an additional 31,407 shares in the last quarter. Redwood Investment Management LLC grew its holdings in Invesco S&P 500 Momentum ETF by 369.9% in the 4th quarter. Redwood Investment Management LLC now owns 23,848 shares of the company’s stock valued at $2,266,000 after buying an additional 18,773 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in Invesco S&P 500 Momentum ETF by 1.3% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 19,335 shares of the company’s stock valued at $1,789,000 after buying an additional 257 shares in the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

Shares of NYSEARCA SPMO opened at $120.13 on Friday. The stock’s fifty day moving average price is $115.51 and its two-hundred day moving average price is $104.49. Invesco S&P 500 Momentum ETF has a one year low of $78.25 and a one year high of $120.35. The firm has a market cap of $11.41 billion, a price-to-earnings ratio of 29.51 and a beta of 0.89.

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.