Kovack Advisors Inc. Makes New Investment in Invesco S&P International Developed Momentum ETF $IDMO

Kovack Advisors Inc. purchased a new position in shares of Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 283,589 shares of the company’s stock, valued at approximately $15,311,000. Invesco S&P International Developed Momentum ETF makes up about 1.4% of Kovack Advisors Inc.’s holdings, making the stock its 12th largest holding.

Several other institutional investors also recently bought and sold shares of IDMO. Envestnet Asset Management Inc. grew its stake in Invesco S&P International Developed Momentum ETF by 26.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 427,428 shares of the company’s stock valued at $23,077,000 after acquiring an additional 88,151 shares during the period. Adamsbrown Wealth Consultants LLC lifted its holdings in Invesco S&P International Developed Momentum ETF by 776.3% in the 3rd quarter. Adamsbrown Wealth Consultants LLC now owns 487,224 shares of the company’s stock valued at $26,305,000 after purchasing an additional 431,622 shares in the last quarter. D Orazio & Associates Inc. boosted its stake in Invesco S&P International Developed Momentum ETF by 347.3% during the 3rd quarter. D Orazio & Associates Inc. now owns 217,529 shares of the company’s stock worth $11,744,000 after purchasing an additional 168,892 shares during the last quarter. Titleist Asset Management LLC grew its holdings in shares of Invesco S&P International Developed Momentum ETF by 1.1% during the second quarter. Titleist Asset Management LLC now owns 125,711 shares of the company’s stock worth $6,441,000 after buying an additional 1,313 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its stake in shares of Invesco S&P International Developed Momentum ETF by 72.5% in the third quarter. Commonwealth Equity Services LLC now owns 266,857 shares of the company’s stock worth $14,408,000 after buying an additional 112,176 shares in the last quarter.

Invesco S&P International Developed Momentum ETF Price Performance

Shares of Invesco S&P International Developed Momentum ETF stock opened at $59.15 on Friday. The stock’s 50 day simple moving average is $57.24 and its 200-day simple moving average is $54.82. The stock has a market cap of $3.00 billion, a P/E ratio of 18.41 and a beta of 0.80. Invesco S&P International Developed Momentum ETF has a 1-year low of $38.35 and a 1-year high of $59.60.

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.