Davidson Capital Management Inc. Buys Shares of 5,860 Invesco S&P 500 Momentum ETF $SPMO

Davidson Capital Management Inc. bought a new stake in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the 4th quarter, Holdings Channel reports. The firm bought 5,860 shares of the company’s stock, valued at approximately $699,000.

A number of other large investors also recently bought and sold shares of the company. Lantern Wealth Advisors LLC raised its position in Invesco S&P 500 Momentum ETF by 3.5% during the 3rd quarter. Lantern Wealth Advisors LLC now owns 2,634 shares of the company’s stock worth $319,000 after buying an additional 88 shares during the last quarter. Caliber Wealth Management LLC KS raised its position in Invesco S&P 500 Momentum ETF by 4.9% during the 3rd quarter. Caliber Wealth Management LLC KS now owns 1,945 shares of the company’s stock worth $235,000 after buying an additional 90 shares during the last quarter. LexAurum Advisors LLC raised its position in Invesco S&P 500 Momentum ETF by 4.3% during the 3rd quarter. LexAurum Advisors LLC now owns 2,225 shares of the company’s stock worth $269,000 after buying an additional 92 shares during the last quarter. GK Wealth Management LLC raised its position in Invesco S&P 500 Momentum ETF by 4.1% during the 3rd quarter. GK Wealth Management LLC now owns 2,497 shares of the company’s stock worth $302,000 after buying an additional 99 shares during the last quarter. Finally, Fourth Dimension Wealth LLC raised its position in Invesco S&P 500 Momentum ETF by 25.0% during the 3rd quarter. Fourth Dimension Wealth LLC now owns 500 shares of the company’s stock worth $61,000 after buying an additional 100 shares during the last quarter.

Invesco S&P 500 Momentum ETF Trading Up 1.9%

Shares of SPMO opened at $129.11 on Thursday. Invesco S&P 500 Momentum ETF has a twelve month low of $90.38 and a twelve month high of $129.13. The stock’s 50 day moving average is $118.87 and its two-hundred day moving average is $119.41. The firm has a market capitalization of $15.37 billion, a PE ratio of 29.51 and a beta of 1.02.

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.