HBW Advisory Services LLC Buys 42,047 Shares of Invesco S&P International Developed Momentum ETF $IDMO

HBW Advisory Services LLC lifted its stake in shares of Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) by 1,004.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 46,234 shares of the company’s stock after purchasing an additional 42,047 shares during the period. HBW Advisory Services LLC’s holdings in Invesco S&P International Developed Momentum ETF were worth $2,535,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Gratus Wealth Advisors LLC bought a new position in Invesco S&P International Developed Momentum ETF in the 1st quarter worth approximately $25,052,000. Avid Wealth Partners LLC lifted its holdings in Invesco S&P International Developed Momentum ETF by 14.4% during the 1st quarter. Avid Wealth Partners LLC now owns 178,938 shares of the company’s stock worth $9,813,000 after buying an additional 22,482 shares in the last quarter. Arbor Capital Management Inc. ADV boosted its position in Invesco S&P International Developed Momentum ETF by 9.4% in the 1st quarter. Arbor Capital Management Inc. ADV now owns 16,030 shares of the company’s stock valued at $952,000 after buying an additional 1,374 shares during the last quarter. Paladin Advisory Group LLC boosted its position in Invesco S&P International Developed Momentum ETF by 40.8% in the 1st quarter. Paladin Advisory Group LLC now owns 76,339 shares of the company’s stock valued at $4,186,000 after buying an additional 22,133 shares during the last quarter. Finally, Pearl Planning LLC increased its stake in shares of Invesco S&P International Developed Momentum ETF by 5.6% in the 1st quarter. Pearl Planning LLC now owns 16,808 shares of the company’s stock valued at $922,000 after buying an additional 886 shares during the period.

Invesco S&P International Developed Momentum ETF Stock Down 1.7%

IDMO stock opened at $59.10 on Tuesday. The company has a market cap of $3.89 billion, a P/E ratio of 18.41 and a beta of 0.80. Invesco S&P International Developed Momentum ETF has a twelve month low of $50.21 and a twelve month high of $62.20. The business has a fifty day moving average of $59.92 and a 200-day moving average of $58.29.

Invesco S&P International Developed Momentum ETF 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.