Darrow Company Inc. lifted its position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO – Free Report) by 8.7% during the second quarter, Holdings Channel reports. The institutional investor owned 45,666 shares of the company’s stock after buying an additional 3,655 shares during the quarter. Invesco S&P 500 Momentum ETF comprises approximately 2.6% of Darrow Company Inc.’s investment portfolio, making the stock its 18th largest holding. Darrow Company Inc.’s holdings in Invesco S&P 500 Momentum ETF were worth $5,136,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of SPMO. Envestnet Asset Management Inc. boosted its stake in Invesco S&P 500 Momentum ETF by 41.7% in the first quarter. Envestnet Asset Management Inc. now owns 6,014,557 shares of the company’s stock valued at $556,527,000 after acquiring an additional 1,770,226 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of Invesco S&P 500 Momentum ETF by 64.3% during the 1st quarter. LPL Financial LLC now owns 3,579,241 shares of the company’s stock valued at $331,187,000 after purchasing an additional 1,400,512 shares during the last quarter. Mainstay Capital Management LLC ADV boosted its position in shares of Invesco S&P 500 Momentum ETF by 111.9% in the 2nd quarter. Mainstay Capital Management LLC ADV now owns 2,628,653 shares of the company’s stock worth $295,645,000 after purchasing an additional 1,388,287 shares in the last quarter. CWM LLC grew its stake in Invesco S&P 500 Momentum ETF by 87.2% during the 2nd quarter. CWM LLC now owns 2,458,025 shares of the company’s stock worth $276,454,000 after buying an additional 1,144,827 shares during the last quarter. Finally, Alpine Bank Wealth Management purchased a new position in Invesco S&P 500 Momentum ETF during the 1st quarter worth $56,345,000.
Invesco S&P 500 Momentum ETF Stock Performance
Invesco S&P 500 Momentum ETF stock opened at $121.24 on Tuesday. The stock has a market cap of $13.13 billion, a PE ratio of 29.51 and a beta of 0.89. The stock has a 50-day moving average of $119.15 and a two-hundred day 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.
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.
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