Rooted Wealth Advisors Inc. Takes $17.21 Million Position in Invesco S&P International Developed Momentum ETF $IDMO

Rooted Wealth Advisors Inc. purchased a new stake in Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 316,654 shares of the company’s stock, valued at approximately $17,210,000. Invesco S&P International Developed Momentum ETF accounts for approximately 5.2% of Rooted Wealth Advisors Inc.’s investment portfolio, making the stock its 3rd biggest position. Rooted Wealth Advisors Inc. owned 0.84% of Invesco S&P International Developed Momentum ETF as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of IDMO. Titleist Asset Management LLC lifted its stake in Invesco S&P International Developed Momentum ETF by 1.1% in 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. Farther Finance Advisors LLC acquired a new position in shares of Invesco S&P International Developed Momentum ETF in the 2nd quarter valued at about $127,000. Janney Montgomery Scott LLC lifted its position in shares of Invesco S&P International Developed Momentum ETF by 77.5% in the second quarter. Janney Montgomery Scott LLC now owns 42,970 shares of the company’s stock worth $2,202,000 after purchasing an additional 18,762 shares in the last quarter. Whitaker Myers Wealth Managers LTD. acquired a new stake in shares of Invesco S&P International Developed Momentum ETF during the third quarter worth approximately $20,435,000. Finally, Embree Financial Group boosted its holdings in shares of Invesco S&P International Developed Momentum ETF by 131.2% during the second quarter. Embree Financial Group now owns 38,783 shares of the company’s stock worth $1,987,000 after purchasing an additional 22,009 shares during the period.

Invesco S&P International Developed Momentum ETF Stock Performance

Shares of IDMO opened at $55.67 on Tuesday. The company has a market capitalization of $2.14 billion, a PE ratio of 18.41 and a beta of 0.80. The company’s 50 day moving average price is $54.53 and its 200 day moving average price is $53.02. Invesco S&P International Developed Momentum ETF has a 52 week low of $38.35 and a 52 week high of $56.91.

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.