SHP Wealth Management Makes New Investment in Invesco S&P International Developed Momentum ETF $IDMO

SHP Wealth Management acquired a new stake in Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 862,441 shares of the company’s stock, valued at approximately $47,926,000. Invesco S&P International Developed Momentum ETF comprises about 3.7% of SHP Wealth Management’s investment portfolio, making the stock its 7th largest holding. SHP Wealth Management owned 1.70% of Invesco S&P International Developed Momentum ETF as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of IDMO. Northwestern Mutual Wealth Management Co. lifted its position in shares of Invesco S&P International Developed Momentum ETF by 130.4% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 1,574,765 shares of the company’s stock worth $85,022,000 after purchasing an additional 891,210 shares during the last quarter. Great Valley Advisor Group Inc. increased its holdings in Invesco S&P International Developed Momentum ETF by 135.6% in the fourth quarter. Great Valley Advisor Group Inc. now owns 1,312,503 shares of the company’s stock valued at $72,936,000 after buying an additional 755,465 shares during the last quarter. LPL Financial LLC increased its holdings in Invesco S&P International Developed Momentum ETF by 17.5% in the fourth quarter. LPL Financial LLC now owns 4,549,563 shares of the company’s stock valued at $252,819,000 after buying an additional 677,990 shares during the last quarter. Jane Street Group LLC raised its stake in Invesco S&P International Developed Momentum ETF by 3,902.6% in the second quarter. Jane Street Group LLC now owns 549,800 shares of the company’s stock valued at $28,172,000 after buying an additional 536,064 shares in the last quarter. Finally, Citadel Advisors LLC raised its stake in Invesco S&P International Developed Momentum ETF by 1,594.2% in the third quarter. Citadel Advisors LLC now owns 544,519 shares of the company’s stock valued at $29,399,000 after buying an additional 512,378 shares in the last quarter.

Invesco S&P International Developed Momentum ETF Price Performance

Shares of NYSEARCA IDMO opened at $61.49 on Friday. The company has a market capitalization of $3.71 billion, a price-to-earnings ratio of 18.41 and a beta of 0.80. The business has a 50-day moving average of $59.59 and a two-hundred day moving average of $57.75. Invesco S&P International Developed Momentum ETF has a 1 year low of $48.79 and a 1 year high of $62.10.

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.