Rooted Wealth Advisors Inc. Buys 42,445 Shares of Invesco S&P International Developed Momentum ETF $IDMO

Rooted Wealth Advisors Inc. increased its position in shares of Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) by 12.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 379,170 shares of the company’s stock after purchasing an additional 42,445 shares during the period. Invesco S&P International Developed Momentum ETF accounts for about 5.7% of Rooted Wealth Advisors Inc.’s investment portfolio, making the stock its 3rd largest holding. Rooted Wealth Advisors Inc. owned 0.63% of Invesco S&P International Developed Momentum ETF worth $22,625,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Capstone Wealth Management Group LLC bought a new position in Invesco S&P International Developed Momentum ETF during the 1st quarter valued at $1,171,000. Creative Planning bought a new stake in shares of Invesco S&P International Developed Momentum ETF in the 2nd quarter worth $269,000. CW Advisors LLC bought a new stake in shares of Invesco S&P International Developed Momentum ETF in the 2nd quarter worth $226,000. Raymond James Financial Inc. lifted its holdings in shares of Invesco S&P International Developed Momentum ETF by 65.9% in the second quarter. Raymond James Financial Inc. now owns 224,078 shares of the company’s stock valued at $11,482,000 after buying an additional 88,971 shares during the period. Finally, Ausdal Financial Partners Inc. acquired a new stake in shares of Invesco S&P International Developed Momentum ETF in the second quarter valued at $366,000.

Invesco S&P International Developed Momentum ETF Stock Down 0.9%

Shares of IDMO stock opened at $59.60 on Friday. The stock has a 50-day simple moving average of $59.66 and a 200 day simple moving average of $57.95. The stock has a market capitalization of $3.60 billion, a P/E ratio of 18.41 and a beta of 0.80. Invesco S&P International Developed Momentum ETF has a fifty-two week low of $50.20 and a fifty-two week high of $62.20.

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.