AIFG Consultants Ltd. Invests $3.14 Million 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 fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 33,027 shares of the company’s stock, valued at approximately $3,138,000. Invesco S&P 500 Momentum ETF comprises 5.1% of AIFG Consultants Ltd.’s portfolio, making the stock its 6th biggest position. AIFG Consultants Ltd. owned 0.21% of Invesco S&P 500 Momentum ETF at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. PSI Advisors LLC lifted its holdings 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 acquiring an additional 110 shares during the last quarter. Weaver Consulting Group raised its holdings in Invesco S&P 500 Momentum ETF by 1.9% during the 4th quarter. Weaver Consulting Group now owns 11,145 shares of the company’s stock valued at $1,059,000 after buying an additional 204 shares during the last quarter. Global Trust Asset Management LLC raised its holdings in Invesco S&P 500 Momentum ETF by 95.5% during the 4th quarter. Global Trust Asset Management LLC now owns 430 shares of the company’s stock valued at $41,000 after buying an additional 210 shares during the last quarter. Continuum Advisory LLC raised its holdings in Invesco S&P 500 Momentum ETF by 44.2% during the 3rd quarter. Continuum Advisory LLC now owns 705 shares of the company’s stock valued at $67,000 after buying an additional 216 shares during the last quarter. Finally, Trinity Wealth Management LLC raised its holdings in Invesco S&P 500 Momentum ETF by 8.5% during the 4th quarter. Trinity Wealth Management LLC now owns 3,593 shares of the company’s stock valued at $341,000 after buying an additional 280 shares during the last quarter.

Invesco S&P 500 Momentum ETF Stock Up 0.7 %

NYSEARCA:SPMO opened at $102.79 on Tuesday. The company has a fifty day moving average of $97.86 and a 200 day moving average of $92.97. Invesco S&P 500 Momentum ETF has a 52 week low of $72.87 and a 52 week high of $103.09. The firm has a market capitalization of $1.66 billion, a P/E 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.