Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) Shares Break Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $59.50 and traded as high as $59.76. Invesco S&P International Developed Momentum ETF shares last traded at $59.62, with a volume of 470,606 shares changing hands.

Invesco S&P International Developed Momentum ETF Stock Performance

The firm’s fifty day simple moving average is $61.09 and its 200-day simple moving average is $59.50. The stock has a market cap of $4.13 billion, a P/E ratio of 18.41 and a beta of 0.80.

Hedge Funds Weigh In On Invesco S&P International Developed Momentum ETF

Several hedge funds and other institutional investors have recently bought and sold shares of IDMO. Cetera Investment Advisers boosted its position in Invesco S&P International Developed Momentum ETF by 33.2% during 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 during the period. Envestnet Asset Management Inc. boosted its holdings in Invesco S&P International Developed Momentum ETF by 12.2% in the second quarter. Envestnet Asset Management Inc. now owns 628,079 shares of the company’s stock valued at $37,867,000 after acquiring an additional 68,164 shares in the last quarter. Adamsbrown Wealth Consultants LLC boosted its stake in shares of Invesco S&P International Developed Momentum ETF by 5.1% during the 2nd quarter. Adamsbrown Wealth Consultants LLC now owns 624,654 shares of the company’s stock valued at $37,660,000 after purchasing an additional 30,045 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Invesco S&P International Developed Momentum ETF by 495.9% during the 1st quarter. Bank of America Corp DE now owns 535,605 shares of the company’s stock valued at $29,373,000 after purchasing an additional 445,719 shares in the last quarter. Finally, Planning Alternatives Ltd. ADV purchased a new position in shares of Invesco S&P International Developed Momentum ETF during the first quarter valued at about $26,486,000.

About Invesco S&P International Developed Momentum ETF

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.