Kestra Advisory Services LLC lifted its stake in shares of Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO – Free Report) by 44.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 309,628 shares of the company’s stock after purchasing an additional 95,067 shares during the quarter. Kestra Advisory Services LLC’s holdings in Invesco S&P International Developed Momentum ETF were worth $16,980,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Capstone Wealth Management Group LLC acquired a new position in Invesco S&P International Developed Momentum ETF in the 1st quarter valued at $1,171,000. Creative Planning purchased a new stake in shares of Invesco S&P International Developed Momentum ETF in the second quarter valued at about $269,000. CW Advisors LLC acquired a new position in shares of Invesco S&P International Developed Momentum ETF during the second quarter worth about $226,000. Raymond James Financial Inc. increased its stake in shares of Invesco S&P International Developed Momentum ETF by 65.9% during the second quarter. Raymond James Financial Inc. now owns 224,078 shares of the company’s stock worth $11,482,000 after acquiring an additional 88,971 shares during the period. Finally, Ausdal Financial Partners Inc. purchased a new position in Invesco S&P International Developed Momentum ETF during the second quarter worth about $366,000.
Invesco S&P International Developed Momentum ETF Stock Up 0.6%
NYSEARCA IDMO traded up $0.33 during trading hours on Friday, hitting $60.14. 324,322 shares of the stock were exchanged, compared to its average volume of 488,863. The company has a market cap of $3.96 billion, a price-to-earnings ratio of 18.41 and a beta of 0.80. Invesco S&P International Developed Momentum ETF has a 12-month low of $50.21 and a 12-month high of $62.20. The stock has a 50-day moving average of $59.93 and a 200 day moving average of $58.25.
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.
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