Invesco S&P International Developed Momentum ETF $IDMO Stake Lifted by Drake & Associates LLC

Drake & Associates LLC raised its position in shares of Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) by 13.3% in the fourth quarter, HoldingsChannel reports. The firm owned 472,938 shares of the company’s stock after acquiring an additional 55,549 shares during the period. Invesco S&P International Developed Momentum ETF comprises about 5.2% of Drake & Associates LLC’s investment portfolio, making the stock its 9th largest holding. Drake & Associates LLC’s holdings in Invesco S&P International Developed Momentum ETF were worth $26,281,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Sonoma Allocations LLC increased its stake in shares of Invesco S&P International Developed Momentum ETF by 39.7% during the fourth quarter. Sonoma Allocations LLC now owns 196,032 shares of the company’s stock valued at $11,436,000 after buying an additional 55,693 shares during the period. Corient Private Wealth LLC bought a new stake in shares of Invesco S&P International Developed Momentum ETF in the fourth quarter valued at about $513,000. Mercer Global Advisors Inc. ADV lifted its stake in Invesco S&P International Developed Momentum ETF by 189.6% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 37,232 shares of the company’s stock worth $2,069,000 after acquiring an additional 24,376 shares during the period. IHT Wealth Management LLC bought a new position in Invesco S&P International Developed Momentum ETF during the 4th quarter worth about $213,000. Finally, Scarborough Advisors LLC grew its holdings in Invesco S&P International Developed Momentum ETF by 305.0% during the 4th quarter. Scarborough Advisors LLC now owns 1,855 shares of the company’s stock worth $103,000 after acquiring an additional 1,397 shares in the last quarter.

Invesco S&P International Developed Momentum ETF Stock Performance

NYSEARCA:IDMO opened at $61.49 on Friday. The firm has a 50-day simple moving average of $59.54 and a 200-day simple moving average of $57.72. Invesco S&P International Developed Momentum ETF has a one year low of $48.79 and a one year high of $62.10. The firm has a market cap of $3.71 billion, a P/E ratio of 18.41 and a beta of 0.80.

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.