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Invesco raises its stake in medical device company Smith & Nephew by more than 20%.

MassDevice.com Wall Street Beat

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.

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