Planning Alternatives Ltd. ADV Invests $26.49 Million in Invesco S&P International Developed Momentum ETF $IDMO

Planning Alternatives Ltd. ADV purchased a new stake in Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 482,978 shares of the company’s stock, valued at approximately $26,486,000. Invesco S&P International Developed Momentum ETF comprises 3.4% of Planning Alternatives Ltd. ADV’s portfolio, making the stock its 6th biggest position. Planning Alternatives Ltd. ADV owned 0.80% of Invesco S&P International Developed Momentum ETF at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. LPL Financial LLC grew its holdings in Invesco S&P International Developed Momentum ETF by 17.5% during the fourth quarter. LPL Financial LLC now owns 4,549,563 shares of the company’s stock valued at $252,819,000 after purchasing an additional 677,990 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in Invesco S&P International Developed Momentum ETF by 25.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,973,250 shares of the company’s stock worth $109,654,000 after purchasing an additional 398,485 shares during the period. Cetera Investment Advisers boosted its position in shares of Invesco S&P International Developed Momentum ETF by 42.7% during the fourth quarter. Cetera Investment Advisers now owns 1,575,199 shares of the company’s stock worth $87,534,000 after purchasing an additional 471,320 shares in the last quarter. Great Valley Advisor Group Inc. boosted its position in shares of Invesco S&P International Developed Momentum ETF by 135.6% during the fourth quarter. Great Valley Advisor Group Inc. now owns 1,312,503 shares of the company’s stock worth $72,936,000 after purchasing an additional 755,465 shares in the last quarter. Finally, SHP Wealth Management acquired a new position in shares of Invesco S&P International Developed Momentum ETF in the 4th quarter valued at $47,926,000.

Invesco S&P International Developed Momentum ETF Price Performance

Shares of IDMO stock opened at $58.97 on Monday. Invesco S&P International Developed Momentum ETF has a 12-month low of $50.21 and a 12-month high of $62.20. The firm has a fifty day moving average of $59.88 and a 200-day moving average of $58.39. The firm has a market capitalization of $3.92 billion, a price-to-earnings ratio of 18.41 and a beta of 0.80.

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.