Synergy Investment Management LLC Buys New Shares in Invesco S&P 500 Momentum ETF $SPMO

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

Several other large investors have also recently modified their holdings of SPMO. Signet Financial Management LLC lifted its stake in shares of Invesco S&P 500 Momentum ETF by 4.4% in the 3rd quarter. Signet Financial Management LLC now owns 11,920 shares of the company’s stock valued at $1,443,000 after acquiring an additional 504 shares during the last quarter. Burke & Herbert Bank & Trust Co. bought a new stake in Invesco S&P 500 Momentum ETF in the third quarter valued at approximately $216,000. Fortis Group Advisors LLC lifted its position in Invesco S&P 500 Momentum ETF by 5.3% in the third quarter. Fortis Group Advisors LLC now owns 230,510 shares of the company’s stock valued at $28,053,000 after purchasing an additional 11,511 shares during the last quarter. WealthCare Investment Partners LLC boosted its stake in shares of Invesco S&P 500 Momentum ETF by 8.3% during the third quarter. WealthCare Investment Partners LLC now owns 64,593 shares of the company’s stock valued at $7,787,000 after purchasing an additional 4,939 shares during the period. Finally, Wealthcare Advisory Partners LLC grew its holdings in shares of Invesco S&P 500 Momentum ETF by 75.5% in the third quarter. Wealthcare Advisory Partners LLC now owns 54,942 shares of the company’s stock worth $6,651,000 after purchasing an additional 23,638 shares during the last quarter.

Invesco S&P 500 Momentum ETF Stock Up 0.4%

NYSEARCA:SPMO opened at $119.33 on Thursday. The firm has a market capitalization of $13.55 billion, a P/E ratio of 29.51 and a beta of 0.98. The company has a fifty day moving average of $119.47 and a 200 day moving average of $119.25. Invesco S&P 500 Momentum ETF has a 52 week low of $78.25 and a 52 week high of $124.56.

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.