AIFG Consultants Ltd. Makes New $3.14 Million Investment in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

AIFG Consultants Ltd. acquired a new position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) in the 4th quarter, Holdings Channel reports. The firm acquired 33,027 shares of the company’s stock, valued at approximately $3,138,000. Invesco S&P 500 Momentum ETF accounts for approximately 5.1% of AIFG Consultants Ltd.’s investment portfolio, making the stock its 6th largest position.

Several other institutional investors have also added to or reduced their stakes in SPMO. PSI Advisors LLC grew its position in shares of Invesco S&P 500 Momentum ETF by 61.8% in the 4th quarter. PSI Advisors LLC now owns 288 shares of the company’s stock worth $27,000 after buying an additional 110 shares during the period. Global Trust Asset Management LLC grew its position in shares of Invesco S&P 500 Momentum ETF by 95.5% in the 4th quarter. Global Trust Asset Management LLC now owns 430 shares of the company’s stock worth $41,000 after buying an additional 210 shares during the period. Continuum Advisory LLC grew its position in shares of Invesco S&P 500 Momentum ETF by 44.2% in the 3rd quarter. Continuum Advisory LLC now owns 705 shares of the company’s stock worth $67,000 after buying an additional 216 shares during the period. Legacy Investment Solutions LLC purchased a new stake in shares of Invesco S&P 500 Momentum ETF in the 3rd quarter worth about $76,000. Finally, AdvisorNet Financial Inc grew its position in shares of Invesco S&P 500 Momentum ETF by 85.7% in the 4th quarter. AdvisorNet Financial Inc now owns 1,302 shares of the company’s stock worth $124,000 after buying an additional 601 shares during the period.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of SPMO stock opened at $102.79 on Tuesday. Invesco S&P 500 Momentum ETF has a one year low of $72.87 and a one year high of $103.09. The company’s 50-day moving average is $97.86 and its 200 day moving average is $92.97. The company has a market capitalization of $1.66 billion, a price-to-earnings ratio of 20.66 and a beta of 1.00.

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.