Avid Wealth Partners LLC Invests $8.69 Million in Invesco S&P International Developed Momentum ETF $IDMO

Avid Wealth Partners LLC bought a new position in Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) during the 4th quarter, HoldingsChannel.com reports. The fund bought 156,456 shares of the company’s stock, valued at approximately $8,694,000. Invesco S&P International Developed Momentum ETF comprises approximately 4.2% of Avid Wealth Partners LLC’s holdings, making the stock its 8th biggest holding.

Other institutional investors have also made changes to their positions in the company. D Orazio & Associates Inc. increased its position in shares of Invesco S&P International Developed Momentum ETF by 347.3% in the third quarter. D Orazio & Associates Inc. now owns 217,529 shares of the company’s stock worth $11,744,000 after acquiring an additional 168,892 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Invesco S&P International Developed Momentum ETF by 26.0% in the third quarter. Envestnet Asset Management Inc. now owns 427,428 shares of the company’s stock worth $23,077,000 after acquiring an additional 88,151 shares in the last quarter. Embree Financial Group increased its position in shares of Invesco S&P International Developed Momentum ETF by 39.5% in the fourth quarter. Embree Financial Group now owns 61,685 shares of the company’s stock worth $3,428,000 after acquiring an additional 17,469 shares in the last quarter. Foresight Capital Management Advisors Inc. increased its position in shares of Invesco S&P International Developed Momentum ETF by 112.5% in the fourth quarter. Foresight Capital Management Advisors Inc. now owns 99,107 shares of the company’s stock worth $5,507,000 after acquiring an additional 52,469 shares in the last quarter. Finally, Fortis Group Advisors LLC purchased a new position in shares of Invesco S&P International Developed Momentum ETF in the third quarter worth approximately $817,000.

Invesco S&P International Developed Momentum ETF Price Performance

Invesco S&P International Developed Momentum ETF stock opened at $59.81 on Friday. The firm’s 50 day simple moving average is $59.13 and its 200-day simple moving average is $57.49. The company has a market cap of $3.61 billion, a P/E ratio of 18.41 and a beta of 0.80. Invesco S&P International Developed Momentum ETF has a fifty-two week low of $48.79 and a fifty-two week high of $61.17.

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.