Kovack Advisors Inc. Acquires Shares of 283,589 Invesco S&P International Developed Momentum ETF $IDMO

Kovack Advisors Inc. purchased a new position in Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 283,589 shares of the company’s stock, valued at approximately $15,311,000. Invesco S&P International Developed Momentum ETF makes up approximately 1.4% of Kovack Advisors Inc.’s investment portfolio, making the stock its 12th biggest holding. Kovack Advisors Inc. owned about 0.74% of Invesco S&P International Developed Momentum ETF as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Envestnet Asset Management Inc. grew its stake in Invesco S&P International Developed Momentum ETF by 26.0% in the third quarter. Envestnet Asset Management Inc. now owns 427,428 shares of the company’s stock valued at $23,077,000 after purchasing an additional 88,151 shares during the last quarter. Adamsbrown Wealth Consultants LLC boosted its holdings in shares of Invesco S&P International Developed Momentum ETF by 776.3% in the 3rd quarter. Adamsbrown Wealth Consultants LLC now owns 487,224 shares of the company’s stock valued at $26,305,000 after buying an additional 431,622 shares in the last quarter. D Orazio & Associates Inc. grew its position in shares of Invesco S&P International Developed Momentum ETF by 347.3% in the 3rd quarter. D Orazio & Associates Inc. now owns 217,529 shares of the company’s stock worth $11,744,000 after buying an additional 168,892 shares during the last quarter. Titleist Asset Management LLC raised its stake in shares of Invesco S&P International Developed Momentum ETF by 1.1% during the 2nd quarter. Titleist Asset Management LLC now owns 125,711 shares of the company’s stock worth $6,441,000 after acquiring an additional 1,313 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its position in Invesco S&P International Developed Momentum ETF by 72.5% during the third quarter. Commonwealth Equity Services LLC now owns 266,857 shares of the company’s stock valued at $14,408,000 after acquiring an additional 112,176 shares during the last quarter.

Invesco S&P International Developed Momentum ETF Trading Down 0.1%

NYSEARCA IDMO opened at $59.15 on Friday. The firm’s fifty day simple moving average is $57.24 and its two-hundred day simple moving average is $54.82. The firm has a market capitalization of $3.00 billion, a P/E ratio of 18.41 and a beta of 0.80. Invesco S&P International Developed Momentum ETF has a 12-month low of $38.35 and a 12-month high of $59.60.

Invesco S&P International Developed Momentum ETF Company 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.