Hennion & Walsh Asset Management Inc. Purchases Shares of 124,712 Invesco S&P International Developed Momentum ETF $IDMO

Hennion & Walsh Asset Management Inc. acquired a new stake in Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) during the 2nd quarter, Holdings Channel reports. The firm acquired 124,712 shares of the company’s stock, valued at approximately $7,519,000.

A number of other hedge funds have also recently made changes to their positions in the business. West Financial Advisors LLC bought a new position in shares of Invesco S&P International Developed Momentum ETF in the second quarter worth about $146,000. Foresight Capital Management Advisors Inc. raised its stake in Invesco S&P International Developed Momentum ETF by 2.5% during the 2nd quarter. Foresight Capital Management Advisors Inc. now owns 99,639 shares of the company’s stock valued at $6,003,000 after purchasing an additional 2,414 shares during the period. Meriwether Wealth & Planning LLC lifted its holdings in Invesco S&P International Developed Momentum ETF by 17.4% in the 2nd quarter. Meriwether Wealth & Planning LLC now owns 46,140 shares of the company’s stock worth $2,782,000 after purchasing an additional 6,843 shares in the last quarter. Westmount Partners LLC purchased a new position in Invesco S&P International Developed Momentum ETF in the 2nd quarter worth approximately $2,412,000. Finally, Fermata Advisors LLC bought a new position in Invesco S&P International Developed Momentum ETF in the 2nd quarter worth approximately $385,000.

Invesco S&P International Developed Momentum ETF Price Performance

Shares of IDMO opened at $62.74 on Friday. Invesco S&P International Developed Momentum ETF has a 1 year low of $51.91 and a 1 year high of $62.99. The company has a 50 day simple moving average of $60.02 and a two-hundred day simple moving average of $58.78. The firm has a market cap of $4.23 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.