Darrow Company Inc. Increases Holdings in Invesco S&P 500 Momentum ETF $SPMO

Darrow Company Inc. boosted its position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 8.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 45,666 shares of the company’s stock after purchasing an additional 3,655 shares during the quarter. Invesco S&P 500 Momentum ETF comprises about 2.6% of Darrow Company Inc.’s portfolio, making the stock its 18th biggest position. Darrow Company Inc.’s holdings in Invesco S&P 500 Momentum ETF were worth $5,136,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fourth Dimension Wealth LLC bought a new position in shares of Invesco S&P 500 Momentum ETF during the 1st quarter worth $28,000. WealthShield Partners LLC lifted its stake in Invesco S&P 500 Momentum ETF by 51.2% in the first quarter. WealthShield Partners LLC now owns 307 shares of the company’s stock worth $28,000 after acquiring an additional 104 shares during the period. Tradewinds Capital Management LLC grew its holdings in Invesco S&P 500 Momentum ETF by 342.5% during the 2nd quarter. Tradewinds Capital Management LLC now owns 354 shares of the company’s stock worth $40,000 after acquiring an additional 274 shares in the last quarter. Continuum Advisory LLC grew its holdings in Invesco S&P 500 Momentum ETF by 41.2% during the 1st quarter. Continuum Advisory LLC now owns 528 shares of the company’s stock worth $49,000 after acquiring an additional 154 shares in the last quarter. Finally, Compass Financial Services Inc purchased a new position in Invesco S&P 500 Momentum ETF during the 1st quarter valued at about $71,000.

Invesco S&P 500 Momentum ETF Stock Performance

NYSEARCA:SPMO opened at $121.24 on Tuesday. The firm has a 50-day simple moving average of $119.15 and a 200-day simple moving average of $109.63. Invesco S&P 500 Momentum ETF has a one year low of $78.25 and a one year high of $122.63. The firm has a market cap of $13.13 billion, a P/E ratio of 29.51 and a beta of 0.89.

About Invesco S&P 500 Momentum ETF

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.