Brookstone Capital Management Purchases New Position in Invesco S&P International Developed Momentum ETF $IDMO

Brookstone Capital Management purchased a new position in Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) during the third quarter, HoldingsChannel reports. The fund purchased 148,634 shares of the company’s stock, valued at approximately $9,073,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Cetera Investment Advisers increased its stake in Invesco S&P International Developed Momentum ETF by 33.2% in the 1st quarter. Cetera Investment Advisers now owns 2,098,429 shares of the company’s stock valued at $115,078,000 after purchasing an additional 523,230 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in Invesco S&P International Developed Momentum ETF by 12.2% during the second quarter. Envestnet Asset Management Inc. now owns 628,079 shares of the company’s stock worth $37,867,000 after purchasing an additional 68,164 shares in the last quarter. Adamsbrown Wealth Consultants LLC boosted its position in Invesco S&P International Developed Momentum ETF by 5.1% during the second quarter. Adamsbrown Wealth Consultants LLC now owns 624,654 shares of the company’s stock worth $37,660,000 after purchasing an additional 30,045 shares in the last quarter. Bank of America Corp DE boosted its position in Invesco S&P International Developed Momentum ETF by 495.9% during the first quarter. Bank of America Corp DE now owns 535,605 shares of the company’s stock worth $29,373,000 after purchasing an additional 445,719 shares in the last quarter. Finally, Planning Alternatives Ltd. ADV acquired a new stake in Invesco S&P International Developed Momentum ETF in the first quarter valued at $26,486,000.

Invesco S&P International Developed Momentum ETF Stock Down 0.3%

Shares of IDMO stock opened at $57.85 on Friday. Invesco S&P International Developed Momentum ETF has a fifty-two week low of $52.14 and a fifty-two week high of $63.88. The stock has a market cap of $4.11 billion, a P/E ratio of 18.41 and a beta of 0.80. The business has a fifty day simple moving average of $61.48 and a 200-day simple moving average of $60.46.

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.