Paladin Advisory Group LLC Buys New Position in Invesco S&P International Developed Momentum ETF $IDMO

Paladin Advisory Group LLC bought a new stake in shares of Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 54,206 shares of the company’s stock, valued at approximately $3,012,000. Invesco S&P International Developed Momentum ETF accounts for approximately 2.2% of Paladin Advisory Group LLC’s investment portfolio, making the stock its 16th biggest holding. Paladin Advisory Group LLC owned about 0.12% of Invesco S&P International Developed Momentum ETF at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in IDMO. Capstone Wealth Management Group LLC bought a new stake in Invesco S&P International Developed Momentum ETF during the 1st quarter valued at approximately $1,171,000. Creative Planning bought a new stake in shares of Invesco S&P International Developed Momentum ETF in the 2nd quarter worth approximately $269,000. CW Advisors LLC bought a new stake in shares of Invesco S&P International Developed Momentum ETF in the 2nd quarter worth approximately $226,000. Faithward Advisors LLC bought a new stake in shares of Invesco S&P International Developed Momentum ETF in the 2nd quarter worth approximately $1,890,000. Finally, Raymond James Financial Inc. lifted its position in shares of Invesco S&P International Developed Momentum ETF by 65.9% in the 2nd quarter. Raymond James Financial Inc. now owns 224,078 shares of the company’s stock worth $11,482,000 after acquiring an additional 88,971 shares during the period.

Invesco S&P International Developed Momentum ETF Trading Up 4.8%

Shares of IDMO stock opened at $58.94 on Thursday. The stock has a 50 day moving average of $57.19 and a two-hundred day moving average of $55.69. Invesco S&P International Developed Momentum ETF has a 12 month low of $39.54 and a 12 month high of $60.44. The company has a market capitalization of $3.46 billion, a P/E ratio of 18.41 and a beta of 0.81.

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.