Pearl Planning LLC Takes $885,000 Position in Invesco S&P International Developed Momentum ETF $IDMO

Pearl Planning LLC acquired a new stake in shares of Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 15,922 shares of the company’s stock, valued at approximately $885,000. Invesco S&P International Developed Momentum ETF makes up about 0.5% of Pearl Planning LLC’s investment portfolio, making the stock its 25th largest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Triumph Capital Management bought a new position in shares of Invesco S&P International Developed Momentum ETF during the third quarter valued at approximately $25,000. Bessemer Group Inc. bought a new position in shares of Invesco S&P International Developed Momentum ETF during the third quarter valued at approximately $29,000. WPG Advisers LLC bought a new position in shares of Invesco S&P International Developed Momentum ETF during the third quarter valued at approximately $55,000. JPMorgan Chase & Co. boosted its stake in shares of Invesco S&P International Developed Momentum ETF by 756.0% during the third quarter. JPMorgan Chase & Co. now owns 1,284 shares of the company’s stock valued at $69,000 after purchasing an additional 1,134 shares in the last quarter. Finally, TD Waterhouse Canada Inc. bought a new position in shares of Invesco S&P International Developed Momentum ETF during the third quarter valued at approximately $71,000.

Invesco S&P International Developed Momentum ETF Stock Performance

NYSEARCA IDMO opened at $60.53 on Friday. The firm’s 50 day moving average price is $57.34 and its 200-day moving average price is $56.45. Invesco S&P International Developed Momentum ETF has a 52-week low of $47.14 and a 52-week high of $61.17. The company has a market cap of $3.65 billion, a PE ratio of 18.41 and a beta of 0.81.

Invesco S&P International Developed Momentum ETF Company Profile

The Invesco S&P International Developed Momentum ETF (IDMO) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of large- and mid-cap stocks from developed markets excluding the US and Korea. Stocks are selected by price momentum and weighted by momentum, scaled by market cap. IDMO was launched on Feb 24, 2012 and is managed by Invesco.