Ocean Park Asset Management LLC purchased a new position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 4,968 shares of the company’s stock, valued at approximately $472,000.
A number of other institutional investors also recently modified their holdings of SPMO. Comprehensive Financial Planning Inc. PA bought a new position in Invesco S&P 500 Momentum ETF in the 4th quarter valued at approximately $309,000. Newbridge Financial Services Group Inc. acquired a new position in shares of Invesco S&P 500 Momentum ETF during the fourth quarter worth $148,000. Moloney Securities Asset Management LLC increased its holdings in shares of Invesco S&P 500 Momentum ETF by 19.0% during the fourth quarter. Moloney Securities Asset Management LLC now owns 16,345 shares of the company’s stock worth $1,553,000 after buying an additional 2,608 shares in the last quarter. Financial Advocates Investment Management lifted its stake in shares of Invesco S&P 500 Momentum ETF by 16.0% in the 4th quarter. Financial Advocates Investment Management now owns 40,003 shares of the company’s stock valued at $3,801,000 after acquiring an additional 5,523 shares during the last quarter. Finally, Beacon Financial Advisory LLC boosted its holdings in shares of Invesco S&P 500 Momentum ETF by 97.7% during the 4th quarter. Beacon Financial Advisory LLC now owns 8,301 shares of the company’s stock valued at $789,000 after acquiring an additional 4,103 shares in the last quarter.
Invesco S&P 500 Momentum ETF Stock Up 0.7 %
Shares of SPMO stock opened at $102.79 on Tuesday. The firm has a market capitalization of $1.66 billion, a P/E ratio of 20.66 and a beta of 1.00. Invesco S&P 500 Momentum ETF has a twelve month low of $72.87 and a twelve month high of $103.09. The stock’s fifty day simple moving average is $97.86 and its 200 day simple moving average is $92.97.
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.
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