Wavvest Wealth LLC Buys New Holdings in Invesco S&P International Developed Momentum ETF $IDMO

Wavvest Wealth LLC bought a new stake in Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) in the 3rd quarter, Holdings Channel reports. The institutional investor bought 18,520 shares of the company’s stock, valued at approximately $1,130,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in IDMO. Cetera Investment Advisers boosted its position in shares of Invesco S&P International Developed Momentum ETF by 33.2% during the 1st quarter. Cetera Investment Advisers now owns 2,098,429 shares of the company’s stock worth $115,078,000 after acquiring an additional 523,230 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Invesco S&P International Developed Momentum ETF by 12.2% in the second quarter. Envestnet Asset Management Inc. now owns 628,079 shares of the company’s stock valued at $37,867,000 after acquiring an additional 68,164 shares during the last quarter. Adamsbrown Wealth Consultants LLC increased its stake in Invesco S&P International Developed Momentum ETF by 5.1% in the second quarter. Adamsbrown Wealth Consultants LLC now owns 624,654 shares of the company’s stock valued at $37,660,000 after acquiring an additional 30,045 shares during the last quarter. RFG Advisory LLC raised its position in Invesco S&P International Developed Momentum ETF by 2.3% during the first quarter. RFG Advisory LLC now owns 570,425 shares of the company’s stock valued at $31,282,000 after purchasing an additional 12,606 shares in the last quarter. Finally, Bank of America Corp DE raised its position in Invesco S&P International Developed Momentum ETF by 495.9% during the first quarter. Bank of America Corp DE now owns 535,605 shares of the company’s stock valued at $29,373,000 after purchasing an additional 445,719 shares in the last quarter.

Invesco S&P International Developed Momentum ETF Price Performance

Shares of IDMO opened at $59.46 on Thursday. The firm has a 50 day simple moving average of $61.70 and a two-hundred day simple moving average of $60.46. Invesco S&P International Developed Momentum ETF has a one year low of $52.14 and a one year high of $63.88. The company has a market cap of $4.22 billion, a P/E ratio of 18.41 and a beta of 0.80.

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.