Synergy Investment Management LLC Takes Position in Invesco S&P 500 Momentum ETF $SPMO

Synergy Investment Management LLC acquired a new position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 20,600 shares of the company’s stock, valued at approximately $2,494,000.

Several other hedge funds have also bought and sold shares of the stock. Vantagepoint Investment Advisers LLC bought a new position in shares of Invesco S&P 500 Momentum ETF in the 3rd quarter worth $317,167,000. Envestnet Asset Management Inc. grew its position in Invesco S&P 500 Momentum ETF by 35.8% in the second quarter. Envestnet Asset Management Inc. now owns 8,166,537 shares of the company’s stock worth $918,490,000 after acquiring an additional 2,151,980 shares in the last quarter. Osaic Holdings Inc. increased its stake in Invesco S&P 500 Momentum ETF by 126.3% in the second quarter. Osaic Holdings Inc. now owns 1,097,393 shares of the company’s stock valued at $120,105,000 after acquiring an additional 612,432 shares during the last quarter. Bank of America Corp DE raised its position in Invesco S&P 500 Momentum ETF by 30.4% during the second quarter. Bank of America Corp DE now owns 2,411,349 shares of the company’s stock valued at $271,204,000 after purchasing an additional 562,290 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in Invesco S&P 500 Momentum ETF during the third quarter worth about $65,042,000.

Invesco S&P 500 Momentum ETF Trading Up 0.4%

Shares of Invesco S&P 500 Momentum ETF stock opened at $119.33 on Thursday. The firm has a market capitalization of $13.55 billion, a PE ratio of 29.51 and a beta of 0.98. Invesco S&P 500 Momentum ETF has a 12 month low of $78.25 and a 12 month high of $124.56. The business’s 50-day moving average price is $119.47 and its 200-day moving average price is $119.25.

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.