Kingsview Wealth Management LLC Raises Holdings in Invesco S&P International Developed Momentum ETF $IDMO

Kingsview Wealth Management LLC grew its holdings in Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) by 45.6% in the fourth quarter, Holdings Channel reports. The firm owned 187,537 shares of the company’s stock after buying an additional 58,766 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Invesco S&P International Developed Momentum ETF were worth $10,421,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of IDMO. Triumph Capital Management bought a new position in shares of Invesco S&P International Developed Momentum ETF during the third quarter valued at $25,000. Bessemer Group Inc. bought a new stake in Invesco S&P International Developed Momentum ETF in the 3rd quarter worth about $29,000. Creative Financial Designs Inc. ADV increased its holdings in Invesco S&P International Developed Momentum ETF by 45.5% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 1,154 shares of the company’s stock worth $64,000 after buying an additional 361 shares in the last quarter. JPMorgan Chase & Co. raised its position in Invesco S&P International Developed Momentum ETF by 756.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,284 shares of the company’s stock worth $69,000 after buying an additional 1,134 shares during the last quarter. Finally, TD Waterhouse Canada Inc. bought a new position in Invesco S&P International Developed Momentum ETF during the 3rd quarter valued at about $71,000.

Invesco S&P International Developed Momentum ETF Stock Performance

IDMO opened at $60.36 on Friday. The company’s 50-day simple moving average is $58.10 and its two-hundred day simple moving average is $57.13. The stock has a market capitalization of $3.64 billion, a P/E ratio of 18.41 and a beta of 0.81. Invesco S&P International Developed Momentum ETF has a 52-week low of $48.79 and a 52-week high of $61.17.

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.