Modern Wealth Management LLC Has $13.98 Million Stock Holdings in Invesco S&P International Developed Momentum ETF $IDMO

Modern Wealth Management LLC raised its stake in Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) by 10.3% in the 1st quarter, HoldingsChannel reports. The firm owned 248,014 shares of the company’s stock after acquiring an additional 23,121 shares during the quarter. Modern Wealth Management LLC’s holdings in Invesco S&P International Developed Momentum ETF were worth $13,983,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. LPL Financial LLC boosted its position in shares of Invesco S&P International Developed Momentum ETF by 17.5% during the 4th quarter. LPL Financial LLC now owns 4,549,563 shares of the company’s stock worth $252,819,000 after purchasing an additional 677,990 shares in the last quarter. Cetera Investment Advisers increased its position in Invesco S&P International Developed Momentum ETF by 33.2% in the 1st quarter. Cetera Investment Advisers now owns 2,098,429 shares of the company’s stock valued at $115,078,000 after buying an additional 523,230 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Invesco S&P International Developed Momentum ETF by 25.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,973,250 shares of the company’s stock valued at $109,654,000 after buying an additional 398,485 shares in the last quarter. Great Valley Advisor Group Inc. raised its stake in Invesco S&P International Developed Momentum ETF by 135.6% during the 4th quarter. Great Valley Advisor Group Inc. now owns 1,312,503 shares of the company’s stock worth $72,936,000 after buying an additional 755,465 shares during the period. Finally, SHP Wealth Management acquired a new position in Invesco S&P International Developed Momentum ETF during the 4th quarter worth approximately $47,926,000.

Invesco S&P International Developed Momentum ETF Stock Performance

Shares of NYSEARCA:IDMO opened at $59.45 on Friday. The business’s 50 day simple moving average is $59.80 and its two-hundred day simple moving average is $58.50. The firm has a market cap of $3.99 billion, a P/E ratio of 18.41 and a beta of 0.80. Invesco S&P International Developed Momentum ETF has a 52-week low of $50.21 and a 52-week high of $62.20.

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.