4,968 Shares in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) Bought by Ocean Park Asset Management LLC

Ocean Park Asset Management LLC bought a new position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 4,968 shares of the company’s stock, valued at approximately $472,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SPMO. Truist Financial Corp increased its stake in shares of Invesco S&P 500 Momentum ETF by 17.0% in the second quarter. Truist Financial Corp now owns 6,010 shares of the company’s stock valued at $526,000 after buying an additional 872 shares during the period. Wedmont Private Capital bought a new stake in Invesco S&P 500 Momentum ETF in the third quarter valued at approximately $231,000. Simplicity Wealth LLC acquired a new stake in Invesco S&P 500 Momentum ETF during the 3rd quarter valued at approximately $213,000. Concourse Financial Group Securities Inc. raised its holdings in Invesco S&P 500 Momentum ETF by 5,036.7% during the 3rd quarter. Concourse Financial Group Securities Inc. now owns 29,228 shares of the company’s stock worth $2,649,000 after purchasing an additional 28,659 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Invesco S&P 500 Momentum ETF by 73.4% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 9,533 shares of the company’s stock worth $864,000 after purchasing an additional 4,036 shares during the period.

Invesco S&P 500 Momentum ETF Stock Performance

NYSEARCA:SPMO opened at $102.79 on Tuesday. Invesco S&P 500 Momentum ETF has a 52 week low of $72.87 and a 52 week high of $103.09. The firm’s fifty day moving average is $97.86 and its 200-day moving average is $92.97. The firm has a market cap of $1.66 billion, a P/E ratio of 20.66 and a beta of 1.00.

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.