FinDec Wealth Services Inc. Trims Holdings in Invesco S&P International Developed Momentum ETF $IDMO

FinDec Wealth Services Inc. trimmed its stake in Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) by 46.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 4,366 shares of the company’s stock after selling 3,764 shares during the period. FinDec Wealth Services Inc.’s holdings in Invesco S&P International Developed Momentum ETF were worth $224,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in IDMO. Southland Equity Partners LLC raised its stake in shares of Invesco S&P International Developed Momentum ETF by 5.7% in the 1st quarter. Southland Equity Partners LLC now owns 17,343 shares of the company’s stock valued at $766,000 after acquiring an additional 939 shares during the period. Janney Montgomery Scott LLC purchased a new stake in Invesco S&P International Developed Momentum ETF during the 1st quarter worth approximately $1,069,000. ORG Wealth Partners LLC purchased a new stake in Invesco S&P International Developed Momentum ETF during the 1st quarter worth approximately $31,000. ORG Partners LLC increased its stake in Invesco S&P International Developed Momentum ETF by 131.1% during the 1st quarter. ORG Partners LLC now owns 58,044 shares of the company’s stock worth $2,494,000 after buying an additional 32,926 shares during the period. Finally, Cambridge Investment Research Advisors Inc. increased its stake in Invesco S&P International Developed Momentum ETF by 104.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 26,218 shares of the company’s stock worth $1,158,000 after buying an additional 13,380 shares during the period.

Invesco S&P International Developed Momentum ETF Stock Down 1.4%

Shares of IDMO opened at $52.87 on Friday. Invesco S&P International Developed Momentum ETF has a fifty-two week low of $38.35 and a fifty-two week high of $54.43. The firm’s 50 day moving average price is $53.15 and its 200 day moving average price is $49.91. The company has a market cap of $1.95 billion, a P/E ratio of 18.41 and a beta of 0.78.

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.