Independent Financial Group LLC Makes New Investment in Invesco S&P International Developed Momentum ETF $IDMO

Independent Financial Group LLC purchased a new stake in shares of Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 57,057 shares of the company’s stock, valued at approximately $3,129,000.

A number of other institutional investors also recently modified their holdings of IDMO. CPA Asset Management Group LLC lifted its stake in shares of Invesco S&P International Developed Momentum ETF by 396.8% in the first quarter. CPA Asset Management Group LLC now owns 50,316 shares of the company’s stock worth $2,759,000 after buying an additional 40,188 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of Invesco S&P International Developed Momentum ETF by 136.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 9,050 shares of the company’s stock worth $496,000 after buying an additional 5,220 shares during the period. Sigma Planning Corp grew its stake in Invesco S&P International Developed Momentum ETF by 5.5% in the 1st quarter. Sigma Planning Corp now owns 92,437 shares of the company’s stock valued at $5,069,000 after buying an additional 4,803 shares during the last quarter. HBW Advisory Services LLC raised its holdings in Invesco S&P International Developed Momentum ETF by 1,004.2% in the 1st quarter. HBW Advisory Services LLC now owns 46,234 shares of the company’s stock worth $2,535,000 after acquiring an additional 42,047 shares during the period. Finally, Gratus Wealth Advisors LLC bought a new position in Invesco S&P International Developed Momentum ETF in the 1st quarter worth $25,052,000.

Invesco S&P International Developed Momentum ETF Price Performance

Invesco S&P International Developed Momentum ETF stock opened at $58.97 on Friday. Invesco S&P International Developed Momentum ETF has a fifty-two week low of $50.21 and a fifty-two week high of $62.20. The firm has a fifty day moving average price of $59.88 and a two-hundred day moving average price of $58.37. The firm has a market cap of $3.92 billion, a price-to-earnings 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.