Synergy Investment Management LLC Has $4.71 Million Holdings in Invesco S&P 500 Momentum ETF $SPMO

Synergy Investment Management LLC grew its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 91.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,483 shares of the company’s stock after buying an additional 18,883 shares during the period. Invesco S&P 500 Momentum ETF accounts for about 1.7% of Synergy Investment Management LLC’s portfolio, making the stock its 17th biggest holding. Synergy Investment Management LLC’s holdings in Invesco S&P 500 Momentum ETF were worth $4,711,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in SPMO. CWM LLC raised its stake in Invesco S&P 500 Momentum ETF by 14.1% in the 4th quarter. CWM LLC now owns 2,992,182 shares of the company’s stock valued at $357,027,000 after acquiring an additional 369,627 shares during the period. Bank of America Corp DE boosted its position in Invesco S&P 500 Momentum ETF by 15.5% during the third quarter. Bank of America Corp DE now owns 2,785,766 shares of the company’s stock worth $337,245,000 after purchasing an additional 374,417 shares during the period. Vantagepoint Investment Advisers LLC bought a new position in Invesco S&P 500 Momentum ETF during the third quarter worth $317,167,000. Raymond James Financial Inc. increased its holdings in shares of Invesco S&P 500 Momentum ETF by 62.0% in the third quarter. Raymond James Financial Inc. now owns 1,341,003 shares of the company’s stock valued at $162,342,000 after purchasing an additional 513,037 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of Invesco S&P 500 Momentum ETF by 35.3% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 1,099,802 shares of the company’s stock valued at $133,142,000 after purchasing an additional 287,098 shares during the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

Shares of SPMO opened at $141.42 on Tuesday. The company’s 50-day moving average is $125.09 and its 200-day moving average is $121.40. The firm has a market capitalization of $17.24 billion, a PE ratio of 29.51 and a beta of 1.09. Invesco S&P 500 Momentum ETF has a fifty-two week low of $101.80 and a fifty-two week high of $147.87.

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.