RiverTree Advisors LLC Invests $543,000 in Invesco S&P International Developed Momentum ETF $IDMO

RiverTree Advisors LLC purchased a new position in Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 9,777 shares of the company’s stock, valued at approximately $543,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Capstone Wealth Management Group LLC acquired a new stake in Invesco S&P International Developed Momentum ETF in the first quarter worth $1,171,000. Creative Planning acquired a new position in shares of Invesco S&P International Developed Momentum ETF during the second quarter valued at $269,000. Global Retirement Partners LLC bought a new position in shares of Invesco S&P International Developed Momentum ETF during the second quarter worth about $232,000. Steward Partners Investment Advisory LLC increased its holdings in shares of Invesco S&P International Developed Momentum ETF by 90.0% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 23,124 shares of the company’s stock worth $1,185,000 after acquiring an additional 10,954 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its position in Invesco S&P International Developed Momentum ETF by 181.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 683,555 shares of the company’s stock valued at $35,025,000 after purchasing an additional 440,468 shares during the last quarter.

Invesco S&P International Developed Momentum ETF Stock Performance

Shares of NYSEARCA:IDMO opened at $52.95 on Monday. The firm’s 50 day moving average is $57.45 and its two-hundred day moving average is $55.58. The firm has a market capitalization of $2.68 billion, a P/E ratio of 18.41 and a beta of 0.80. Invesco S&P International Developed Momentum ETF has a 52 week low of $38.35 and a 52 week high of $60.44.

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.