RiverTree Advisors LLC Takes Position in Invesco S&P International Developed Momentum ETF $IDMO

RiverTree Advisors LLC bought a new position in shares of Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 9,777 shares of the company’s stock, valued at approximately $543,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Capstone Wealth Management Group LLC bought a new position in shares of Invesco S&P International Developed Momentum ETF during the 1st quarter valued at about $1,171,000. Creative Planning bought a new stake in shares of Invesco S&P International Developed Momentum ETF in the 2nd quarter worth approximately $269,000. Global Retirement Partners LLC acquired a new stake in Invesco S&P International Developed Momentum ETF during the second quarter valued at approximately $232,000. Steward Partners Investment Advisory LLC boosted its holdings in Invesco S&P International Developed Momentum ETF by 90.0% during the second quarter. Steward Partners Investment Advisory LLC now owns 23,124 shares of the company’s stock worth $1,185,000 after buying an additional 10,954 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in Invesco S&P International Developed Momentum ETF by 181.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 683,555 shares of the company’s stock worth $35,025,000 after buying an additional 440,468 shares during the last quarter.

Invesco S&P International Developed Momentum ETF Stock Performance

Shares of NYSEARCA:IDMO opened at $52.95 on Monday. Invesco S&P International Developed Momentum ETF has a one year low of $38.35 and a one year high of $60.44. The stock has a fifty day moving average of $57.45 and a 200-day moving average of $55.58. The company has a market capitalization of $2.68 billion, a PE ratio of 18.41 and a beta of 0.80.

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.