Modern Wealth Management LLC Purchases 23,121 Shares of Invesco S&P International Developed Momentum ETF $IDMO

Modern Wealth Management LLC grew its holdings in shares of Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) by 10.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 248,014 shares of the company’s stock after acquiring an additional 23,121 shares during the period. Modern Wealth Management LLC owned 0.41% of Invesco S&P International Developed Momentum ETF worth $13,983,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Urban Wealth Management LLC lifted its stake in shares of Invesco S&P International Developed Momentum ETF by 0.3% in the 1st quarter. Urban Wealth Management LLC now owns 81,751 shares of the company’s stock valued at $4,483,000 after purchasing an additional 209 shares during the period. Walled Lake Planning & Wealth Management LLC boosted its position in shares of Invesco S&P International Developed Momentum ETF by 2.2% during the 4th quarter. Walled Lake Planning & Wealth Management LLC now owns 10,764 shares of the company’s stock valued at $598,000 after purchasing an additional 229 shares in the last quarter. HBW Advisory Services LLC grew its stake in Invesco S&P International Developed Momentum ETF by 7.8% during the fourth quarter. HBW Advisory Services LLC now owns 4,187 shares of the company’s stock worth $233,000 after purchasing an additional 302 shares during the period. Creative Financial Designs Inc. ADV grew its stake in Invesco S&P International Developed Momentum ETF by 45.5% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 1,154 shares of the company’s stock worth $64,000 after purchasing an additional 361 shares during the period. Finally, Segment Wealth Management LLC grew its stake in Invesco S&P International Developed Momentum ETF by 6.7% during the fourth quarter. Segment Wealth Management LLC now owns 6,190 shares of the company’s stock worth $344,000 after purchasing an additional 390 shares during the period.

Invesco S&P International Developed Momentum ETF Stock Performance

Shares of IDMO stock opened at $59.45 on Friday. Invesco S&P International Developed Momentum ETF has a fifty-two week low of $50.21 and a fifty-two week high of $62.20. The stock has a 50 day simple moving average of $59.80 and a two-hundred day simple moving average of $58.50. The company has a market cap of $3.99 billion, a P/E ratio of 18.41 and a beta of 0.80.

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.