Pacific Financial Group Inc. Makes New $3.02 Million Investment in Invesco S&P 500 Momentum ETF $SPMO

Pacific Financial Group Inc. bought a new position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 25,334 shares of the company’s stock, valued at approximately $3,023,000. Invesco S&P 500 Momentum ETF comprises about 1.7% of Pacific Financial Group Inc.’s holdings, making the stock its 16th biggest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Dunhill Financial LLC acquired a new position in shares of Invesco S&P 500 Momentum ETF during the third quarter worth $33,000. Elevated Capital Advisors LLC acquired a new position in shares of Invesco S&P 500 Momentum ETF during the fourth quarter worth $33,000. Dogwood Wealth Management LLC acquired a new position in shares of Invesco S&P 500 Momentum ETF during the fourth quarter worth $44,000. MAI Capital Management acquired a new position in shares of Invesco S&P 500 Momentum ETF during the third quarter worth $50,000. Finally, Salomon & Ludwin LLC lifted its holdings 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 worth $59,000 after purchasing an additional 187 shares during the period.

Invesco S&P 500 Momentum ETF Stock Performance

Shares of NYSEARCA:SPMO opened at $154.62 on Wednesday. The firm has a market cap of $18.85 billion, a PE ratio of 29.51 and a beta of 1.11. The firm’s fifty day moving average is $139.35 and its 200-day moving average is $125.90. Invesco S&P 500 Momentum ETF has a 52 week low of $106.51 and a 52 week high of $158.95.

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.