Davidson Capital Management Inc. Makes New $699,000 Investment in Invesco S&P 500 Momentum ETF $SPMO

Davidson Capital Management Inc. purchased a new position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,860 shares of the company’s stock, valued at approximately $699,000.

A number of other institutional investors also recently added to or reduced their stakes in SPMO. Vantagepoint Investment Advisers LLC purchased a new position in Invesco S&P 500 Momentum ETF in the third quarter worth approximately $317,167,000. Bank of America Corp DE lifted its stake 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 worth $271,204,000 after acquiring an additional 562,290 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in Invesco S&P 500 Momentum ETF in the third quarter valued at $65,042,000. Raymond James Financial Inc. increased its holdings in Invesco S&P 500 Momentum ETF by 62.0% in the third quarter. Raymond James Financial Inc. now owns 1,341,003 shares of the company’s stock valued at $162,342,000 after buying an additional 513,037 shares during the last quarter. Finally, CWM LLC increased its holdings in Invesco S&P 500 Momentum ETF by 14.1% in the fourth quarter. CWM LLC now owns 2,992,182 shares of the company’s stock valued at $357,027,000 after buying an additional 369,627 shares during the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

NYSEARCA:SPMO opened at $129.11 on Thursday. The firm has a market capitalization of $15.37 billion, a PE ratio of 29.51 and a beta of 1.02. The business’s fifty day moving average price is $118.87 and its 200 day moving average price is $119.41. Invesco S&P 500 Momentum ETF has a 12 month low of $90.38 and a 12 month high of $129.13.

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.