Global Retirement Partners LLC Takes $232,000 Position in Invesco S&P International Developed Momentum ETF $IDMO

Global Retirement Partners LLC bought a new position in Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 4,523 shares of the company’s stock, valued at approximately $232,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Drake & Associates LLC bought a new stake in Invesco S&P International Developed Momentum ETF in the 2nd quarter worth $17,250,000. McIlrath & Eck LLC purchased a new stake in shares of Invesco S&P International Developed Momentum ETF during the first quarter worth about $11,939,000. Three Cord True Wealth Management LLC bought a new stake in shares of Invesco S&P International Developed Momentum ETF in the second quarter worth about $12,478,000. Northwestern Mutual Wealth Management Co. increased its holdings in Invesco S&P International Developed Momentum ETF by 4,988.7% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 243,087 shares of the company’s stock valued at $10,735,000 after purchasing an additional 238,310 shares during the period. Finally, Cetera Investment Advisers raised its position in Invesco S&P International Developed Momentum ETF by 208.0% during the 2nd quarter. Cetera Investment Advisers now owns 330,060 shares of the company’s stock valued at $16,912,000 after purchasing an additional 222,913 shares during the last quarter.

Invesco S&P International Developed Momentum ETF Stock Performance

Shares of IDMO stock opened at $53.98 on Tuesday. Invesco S&P International Developed Momentum ETF has a fifty-two week low of $38.35 and a fifty-two week high of $55.44. The firm has a market cap of $2.07 billion, a P/E ratio of 18.41 and a beta of 0.80. The business’s 50 day moving average price is $53.71 and its 200-day moving average price is $52.21.

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.