Invesco S&P 500 Momentum ETF $SPMO Stock Position Increased by Compass Financial Services Inc

Compass Financial Services Inc increased its stake in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 15.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 80,182 shares of the company’s stock after purchasing an additional 10,531 shares during the period. Invesco S&P 500 Momentum ETF makes up 4.3% of Compass Financial Services Inc’s investment portfolio, making the stock its 8th largest holding. Compass Financial Services Inc owned 0.07% of Invesco S&P 500 Momentum ETF worth $9,707,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its stake in Invesco S&P 500 Momentum ETF by 35.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 8,166,537 shares of the company’s stock valued at $918,490,000 after buying an additional 2,151,980 shares during the last quarter. Mainstay Capital Management LLC ADV boosted its stake in shares of Invesco S&P 500 Momentum ETF by 111.9% in the 2nd quarter. Mainstay Capital Management LLC ADV now owns 2,628,653 shares of the company’s stock worth $295,645,000 after buying an additional 1,388,287 shares during the last quarter. CWM LLC grew its holdings in shares of Invesco S&P 500 Momentum ETF by 6.7% in the third quarter. CWM LLC now owns 2,622,555 shares of the company’s stock worth $317,486,000 after acquiring an additional 164,530 shares during the period. Vantagepoint Investment Advisers LLC purchased a new stake in Invesco S&P 500 Momentum ETF during the third quarter valued at $317,167,000. Finally, Bank of America Corp DE lifted its holdings in Invesco S&P 500 Momentum ETF by 30.4% in the second quarter. Bank of America Corp DE now owns 2,411,349 shares of the company’s stock valued at $271,204,000 after acquiring an additional 562,290 shares during the period.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of NYSEARCA:SPMO opened at $120.27 on Tuesday. The stock’s 50-day simple moving average is $119.69 and its two-hundred day simple moving average is $118.90. The stock has a market capitalization of $13.67 billion, a price-to-earnings ratio of 29.51 and a beta of 0.98. Invesco S&P 500 Momentum ETF has a 52-week low of $78.25 and a 52-week high of $124.56.

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.