Ocean Park Asset Management LLC Purchases New Position in Invesco S&P 500 Momentum ETF $SPMO

Ocean Park Asset Management LLC acquired a new stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 4,534 shares of the company’s stock, valued at approximately $732,000.

Other institutional investors have also added to or reduced their stakes in the company. Elevated Capital Advisors LLC bought a new stake in shares of Invesco S&P 500 Momentum ETF in the 4th quarter worth $33,000. Blue Trust Inc. boosted its position in shares of Invesco S&P 500 Momentum ETF by 35.8% during the first quarter. Blue Trust Inc. now owns 353 shares of the company’s stock valued at $40,000 after buying an additional 93 shares during the last quarter. Dogwood Wealth Management LLC bought a new stake in Invesco S&P 500 Momentum ETF in the 4th quarter worth about $44,000. Networth Advisors LLC bought a new stake in Invesco S&P 500 Momentum ETF in the 1st quarter worth about $48,000. Finally, Wellington Grp LLC raised its position in Invesco S&P 500 Momentum ETF by 43.6% in the 1st quarter. Wellington Grp LLC now owns 458 shares of the company’s stock worth $51,000 after buying an additional 139 shares during the last quarter.

Invesco S&P 500 Momentum ETF Stock Performance

SPMO opened at $148.56 on Wednesday. The stock has a market capitalization of $21.76 billion, a P/E ratio of 29.51 and a beta of 1.10. The company’s 50-day simple moving average is $150.74 and its two-hundred day simple moving average is $134.61. Invesco S&P 500 Momentum ETF has a 52-week low of $107.24 and a 52-week high of $162.30.

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.