Synergy Asset Management LLC Raises Position in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO)

Synergy Asset Management LLC raised its holdings in Invesco S&P 500 Momentum ETF (NYSEARCA:SPMO) by 100.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,127 shares of the company’s stock after buying an additional 6,087 shares during the quarter. Synergy Asset Management LLC owned about 0.08% of Invesco S&P 500 Momentum ETF worth $1,129,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Renaissance Technologies LLC purchased a new stake in Invesco S&P 500 Momentum ETF during the 2nd quarter valued at about $1,740,000. Creative Planning acquired a new stake in shares of Invesco S&P 500 Momentum ETF during the second quarter worth about $1,262,000. NewEdge Advisors LLC boosted its position in Invesco S&P 500 Momentum ETF by 121.4% in the second quarter. NewEdge Advisors LLC now owns 12,578 shares of the company’s stock valued at $1,100,000 after buying an additional 6,897 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Invesco S&P 500 Momentum ETF by 33.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,327 shares of the company’s stock worth $466,000 after buying an additional 1,327 shares during the period. Finally, Truist Financial Corp raised its position in Invesco S&P 500 Momentum ETF by 17.0% during the 2nd quarter. Truist Financial Corp now owns 6,010 shares of the company’s stock worth $526,000 after buying an additional 872 shares during the last quarter.

Invesco S&P 500 Momentum ETF Price Performance

SPMO stock opened at $99.10 on Thursday. The company has a market capitalization of $1.60 billion, a P/E ratio of 20.66 and a beta of 1.00. Invesco S&P 500 Momentum ETF has a 12 month low of $69.19 and a 12 month high of $101.86. The firm’s fifty day simple moving average is $97.05 and its 200-day simple moving average is $92.22.

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.