Invesco, a Atlanta-based investment management firm, bought up another clutch of Smith & Nephew (FTSE:SN, NYSE:SNN) shares, taking its total stake in the British medical device company to nearly 12%, according to regulatory filings.
Invesco added more than 18.5 million shares to its holdings in Smith & Nephew, taking its total to nearly 108.2 million shares. That’s a 20.7% increase in its stake, which now amounts to 11.96% of SNN.
As of Oct. 9 Invesco had about $683 billion in assets under management, according to a press release.
SNN shares were down slightly as of about 1:50 p.m. today, trading at $51.46 apiece.
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