Darrow Company Inc. bought a new position in shares of Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) in the 1st quarter, HoldingsChannel.com reports. The fund bought 42,011 shares of the company’s stock, valued at approximately $3,887,000. Invesco S&P 500 Momentum ETF comprises about 2.2% of Darrow Company Inc.’s holdings, making the stock its 18th biggest position.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Fourth Dimension Wealth LLC acquired a new position in Invesco S&P 500 Momentum ETF in the first quarter valued at about $28,000. WealthShield Partners LLC raised its stake in shares of Invesco S&P 500 Momentum ETF by 51.2% in the 1st quarter. WealthShield Partners LLC now owns 307 shares of the company’s stock valued at $28,000 after acquiring an additional 104 shares during the period. ORG Wealth Partners LLC acquired a new position in shares of Invesco S&P 500 Momentum ETF in the 1st quarter worth approximately $40,000. Sound Income Strategies LLC boosted its position in shares of Invesco S&P 500 Momentum ETF by 1,859.3% during the 1st quarter. Sound Income Strategies LLC now owns 529 shares of the company’s stock worth $49,000 after purchasing an additional 502 shares during the period. Finally, Continuum Advisory LLC increased its holdings in Invesco S&P 500 Momentum ETF by 41.2% in the 1st quarter. Continuum Advisory LLC now owns 528 shares of the company’s stock valued at $49,000 after purchasing an additional 154 shares during the last quarter.
Invesco S&P 500 Momentum ETF Stock Up 0.7%
NYSEARCA:SPMO opened at $117.19 on Friday. Invesco S&P 500 Momentum ETF has a 52 week low of $78.25 and a 52 week high of $117.61. The stock’s fifty day moving average is $111.32 and its two-hundred day moving average is $101.88. The stock has a market capitalization of $10.77 billion, a price-to-earnings ratio of 29.51 and a beta of 0.89.
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.
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Want to see what other hedge funds are holding SPMO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report).
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