Pacific Financial Group Inc. Buys New Shares in Invesco S&P 500 Momentum ETF $SPMO

Pacific Financial Group Inc. bought a new stake in 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 (SEC). The fund bought 25,334 shares of the company’s stock, valued at approximately $3,023,000. Invesco S&P 500 Momentum ETF accounts for 1.7% of Pacific Financial Group Inc.’s holdings, making the stock its 16th largest position.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. &PARTNERS lifted its holdings in Invesco S&P 500 Momentum ETF by 125.5% in the fourth quarter. &PARTNERS now owns 8,432 shares of the company’s stock valued at $1,005,000 after buying an additional 4,693 shares during the period. Financial Freedom LLC lifted its holdings in Invesco S&P 500 Momentum ETF by 19.9% in the fourth quarter. Financial Freedom LLC now owns 1,954 shares of the company’s stock valued at $233,000 after buying an additional 324 shares during the period. Bank Hapoalim BM acquired a new position in Invesco S&P 500 Momentum ETF in the fourth quarter valued at $1,785,000. Royal Bank of Canada lifted its holdings in Invesco S&P 500 Momentum ETF by 18.4% in the fourth quarter. Royal Bank of Canada now owns 400,225 shares of the company’s stock valued at $47,756,000 after buying an additional 62,338 shares during the period. Finally, Beacon Financial Advisory LLC lifted its holdings in Invesco S&P 500 Momentum ETF by 27.8% in the fourth quarter. Beacon Financial Advisory LLC now owns 6,649 shares of the company’s stock valued at $793,000 after buying an additional 1,445 shares during the period.

Invesco S&P 500 Momentum ETF Stock Down 2.0%

SPMO stock opened at $154.62 on Wednesday. The firm has a market cap of $18.85 billion, a price-to-earnings ratio of 29.51 and a beta of 1.11. Invesco S&P 500 Momentum ETF has a 12-month low of $106.51 and a 12-month high of $158.95. The company’s fifty day simple moving average is $139.35 and its 200 day simple moving average is $125.90.

Invesco S&P 500 Momentum ETF Company 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.