Synergy Asset Management LLC Increases Stock Holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Synergy Asset Management LLC raised its position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 100.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,127 shares of the company’s stock after acquiring an additional 6,087 shares during the quarter. Synergy Asset Management LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $1,129,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. LPL Financial LLC increased its stake in Invesco S&P 500 Momentum ETF by 10.0% during the 3rd quarter. LPL Financial LLC now owns 1,242,778 shares of the company’s stock worth $112,645,000 after buying an additional 113,439 shares during the period. Cetera Investment Advisers grew its stake in shares of Invesco S&P 500 Momentum ETF by 61.6% in the second quarter. Cetera Investment Advisers now owns 377,409 shares of the company’s stock worth $33,008,000 after acquiring an additional 143,810 shares in the last quarter. Principal Securities Inc. increased its position in shares of Invesco S&P 500 Momentum ETF by 10.3% during the third quarter. Principal Securities Inc. now owns 321,860 shares of the company’s stock worth $29,173,000 after acquiring an additional 30,133 shares during the period. World Investment Advisors LLC raised its stake in shares of Invesco S&P 500 Momentum ETF by 1,416.7% in the third quarter. World Investment Advisors LLC now owns 300,875 shares of the company’s stock valued at $27,271,000 after acquiring an additional 281,038 shares in the last quarter. Finally, Family Investment Center Inc. boosted its holdings in Invesco S&P 500 Momentum ETF by 1.5% in the third quarter. Family Investment Center Inc. now owns 293,274 shares of the company’s stock valued at $26,582,000 after purchasing an additional 4,245 shares during the period.

Invesco S&P 500 Momentum ETF Price Performance

Shares of NYSEARCA SPMO opened at $99.10 on Thursday. The company has a market cap of $1.60 billion, a price-to-earnings ratio of 20.66 and a beta of 1.00. The stock’s 50-day moving average is $97.05 and its two-hundred day moving average is $92.22. Invesco S&P 500 Momentum ETF has a 1-year low of $69.19 and a 1-year high of $101.86.

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.