USAdvisors Wealth Management LLC increased its holdings in shares of Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO – Free Report) by 47.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 89,231 shares of the company’s stock after buying an additional 28,727 shares during the period. Invesco S&P International Developed Momentum ETF comprises 1.6% of USAdvisors Wealth Management LLC’s investment portfolio, making the stock its 19th largest holding. USAdvisors Wealth Management LLC’s holdings in Invesco S&P International Developed Momentum ETF were worth $4,722,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. grew its stake in shares of Invesco S&P International Developed Momentum ETF by 130.4% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 1,574,765 shares of the company’s stock worth $85,022,000 after acquiring an additional 891,210 shares in the last quarter. SHP Wealth Management purchased a new position in Invesco S&P International Developed Momentum ETF in the fourth quarter valued at $47,926,000. Great Valley Advisor Group Inc. boosted its holdings in Invesco S&P International Developed Momentum ETF by 135.6% in the fourth quarter. Great Valley Advisor Group Inc. now owns 1,312,503 shares of the company’s stock valued at $72,936,000 after purchasing an additional 755,465 shares during the period. LPL Financial LLC grew its stake in Invesco S&P International Developed Momentum ETF by 17.5% during the 4th quarter. LPL Financial LLC now owns 4,549,563 shares of the company’s stock worth $252,819,000 after purchasing an additional 677,990 shares in the last quarter. Finally, Jane Street Group LLC grew its stake in Invesco S&P International Developed Momentum ETF by 3,902.6% during the 2nd quarter. Jane Street Group LLC now owns 549,800 shares of the company’s stock worth $28,172,000 after purchasing an additional 536,064 shares in the last quarter.
Invesco S&P International Developed Momentum ETF Price Performance
Shares of NYSEARCA IDMO opened at $60.17 on Friday. The company has a market cap of $3.92 billion, a price-to-earnings ratio of 18.41 and a beta of 0.80. The stock’s 50-day moving average is $59.72 and its two-hundred day moving average is $58.09. Invesco S&P International Developed Momentum ETF has a 1-year low of $50.21 and a 1-year high of $62.20.
About Invesco S&P International Developed Momentum ETF
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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