ATX Financial Planning LLC Makes New Investment in Invesco S&P 500 Momentum ETF $SPMO

ATX Financial Planning LLC purchased a new position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the 4th quarter, Holdings Channel reports. The firm purchased 13,882 shares of the company’s stock, valued at approximately $1,656,000. Invesco S&P 500 Momentum ETF makes up approximately 1.3% of ATX Financial Planning LLC’s investment portfolio, making the stock its 19th biggest holding.

A number of other large investors also recently modified their holdings of the company. Dunhill Financial LLC bought a new stake in Invesco S&P 500 Momentum ETF during the 3rd quarter worth $33,000. Elevated Capital Advisors LLC bought a new position in Invesco S&P 500 Momentum ETF in the fourth quarter valued at about $33,000. Dogwood Wealth Management LLC bought a new position in Invesco S&P 500 Momentum ETF in the fourth quarter valued at about $44,000. MAI Capital Management acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the third quarter valued at about $50,000. Finally, Salomon & Ludwin LLC boosted its stake in shares of Invesco S&P 500 Momentum ETF by 61.3% during the fourth quarter. Salomon & Ludwin LLC now owns 492 shares of the company’s stock valued at $59,000 after purchasing an additional 187 shares in the last quarter.

Invesco S&P 500 Momentum ETF Trading Up 2.8%

NYSEARCA:SPMO opened at $159.90 on Friday. The stock’s 50-day moving average is $141.01 and its 200-day moving average is $126.43. Invesco S&P 500 Momentum ETF has a 1-year low of $106.57 and a 1-year high of $160.65. The stock has a market cap of $19.50 billion, a P/E ratio of 29.51 and a beta of 1.11.

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.