Modern Wealth Management LLC purchased a new stake in Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO – Free Report) in the 2nd quarter, HoldingsChannel reports. The firm purchased 198,724 shares of the company’s stock, valued at approximately $10,183,000.
A number of other large investors also recently bought and sold shares of IDMO. Jane Street Group LLC boosted its position in Invesco S&P International Developed Momentum ETF by 3,902.6% during the second quarter. Jane Street Group LLC now owns 549,800 shares of the company’s stock worth $28,172,000 after purchasing an additional 536,064 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Invesco S&P International Developed Momentum ETF by 181.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 683,555 shares of the company’s stock worth $35,025,000 after buying an additional 440,468 shares during the period. Drake & Associates LLC acquired a new position in shares of Invesco S&P International Developed Momentum ETF during the 2nd quarter worth approximately $17,250,000. McIlrath & Eck LLC purchased a new position in shares of Invesco S&P International Developed Momentum ETF during the 1st quarter valued at approximately $11,939,000. Finally, Three Cord True Wealth Management LLC acquired a new stake in Invesco S&P International Developed Momentum ETF in the 2nd quarter valued at $12,478,000.
Invesco S&P International Developed Momentum ETF Stock Performance
Shares of NYSEARCA IDMO opened at $55.82 on Friday. The firm has a fifty day moving average of $53.98 and a 200 day moving average of $52.54. The firm has a market cap of $2.14 billion, a PE ratio of 18.41 and a beta of 0.80. Invesco S&P International Developed Momentum ETF has a one year low of $38.35 and a one year high of $56.27.
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.
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