Insight Wealth Strategies LLC Has $23.10 Million Stock Position in Invesco S&P International Developed Momentum ETF $IDMO

Insight Wealth Strategies LLC lifted its position in Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) by 4.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 385,732 shares of the company’s stock after buying an additional 17,222 shares during the period. Invesco S&P International Developed Momentum ETF comprises 2.2% of Insight Wealth Strategies LLC’s holdings, making the stock its 13th largest position. Insight Wealth Strategies LLC’s holdings in Invesco S&P International Developed Momentum ETF were worth $23,098,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Capstone Wealth Management Group LLC bought a new position in Invesco S&P International Developed Momentum ETF during the first quarter worth about $1,171,000. Creative Planning acquired a new position in Invesco S&P International Developed Momentum ETF in the second quarter valued at about $269,000. CW Advisors LLC bought a new stake in shares of Invesco S&P International Developed Momentum ETF in the second quarter worth about $226,000. Raymond James Financial Inc. increased its holdings in shares of Invesco S&P International Developed Momentum ETF by 65.9% in the second quarter. Raymond James Financial Inc. now owns 224,078 shares of the company’s stock worth $11,482,000 after acquiring an additional 88,971 shares in the last quarter. Finally, Ausdal Financial Partners Inc. acquired a new stake in shares of Invesco S&P International Developed Momentum ETF during the second quarter worth about $366,000.

Invesco S&P International Developed Momentum ETF Price Performance

NYSEARCA IDMO opened at $62.45 on Wednesday. Invesco S&P International Developed Momentum ETF has a one year low of $51.91 and a one year high of $62.99. The firm has a market cap of $4.21 billion, a P/E ratio of 18.41 and a beta of 0.80. The stock’s 50-day moving average is $60.11 and its 200-day moving average is $58.87.

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.