Steelhead Wealth Management LLC Takes Position in Invesco S&P International Developed Momentum ETF $IDMO

Steelhead Wealth Management LLC purchased a new position in Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) in the 1st quarter, HoldingsChannel reports. The institutional investor purchased 19,980 shares of the company’s stock, valued at approximately $1,095,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Urban Wealth Management LLC boosted its position in Invesco S&P International Developed Momentum ETF by 0.3% during the first quarter. Urban Wealth Management LLC now owns 81,751 shares of the company’s stock valued at $4,483,000 after purchasing an additional 209 shares in the last quarter. Walled Lake Planning & Wealth Management LLC grew its stake in Invesco S&P International Developed Momentum ETF by 2.2% in the fourth quarter. Walled Lake Planning & Wealth Management LLC now owns 10,764 shares of the company’s stock valued at $598,000 after purchasing an additional 229 shares during the last quarter. HBW Advisory Services LLC raised its holdings in Invesco S&P International Developed Momentum ETF by 7.8% in the fourth quarter. HBW Advisory Services LLC now owns 4,187 shares of the company’s stock worth $233,000 after purchasing an additional 302 shares in the last quarter. Creative Financial Designs Inc. ADV raised its holdings in Invesco S&P International Developed Momentum ETF by 45.5% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 1,154 shares of the company’s stock worth $64,000 after purchasing an additional 361 shares in the last quarter. Finally, Segment Wealth Management LLC raised its holdings in Invesco S&P International Developed Momentum ETF by 6.7% in the fourth quarter. Segment Wealth Management LLC now owns 6,190 shares of the company’s stock worth $344,000 after purchasing an additional 390 shares in the last quarter.

Invesco S&P International Developed Momentum ETF Stock Performance

IDMO stock opened at $60.67 on Monday. Invesco S&P International Developed Momentum ETF has a one year low of $50.21 and a one year high of $62.20. The firm has a market cap of $4.09 billion, a price-to-earnings ratio of 18.41 and a beta of 0.80. The firm has a 50-day simple moving average of $59.85 and a two-hundred day simple moving average of $58.62.

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.