Envestnet Asset Management Inc. Acquires 23,636 Shares of Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO)

Envestnet Asset Management Inc. boosted its holdings in shares of Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) by 21.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 132,346 shares of the company’s stock after purchasing an additional 23,636 shares during the quarter. Envestnet Asset Management Inc. owned about 2.85% of Invesco S&P International Developed Momentum ETF worth $5,379,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in IDMO. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of Invesco S&P International Developed Momentum ETF by 78.2% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 980 shares of the company’s stock worth $40,000 after buying an additional 430 shares in the last quarter. JPMorgan Chase & Co. bought a new position in shares of Invesco S&P International Developed Momentum ETF during the 4th quarter valued at about $166,000. Stratos Wealth Advisors LLC purchased a new position in shares of Invesco S&P International Developed Momentum ETF during the fourth quarter valued at about $211,000. Truist Financial Corp bought a new stake in shares of Invesco S&P International Developed Momentum ETF in the fourth quarter worth about $231,000. Finally, Avantax Advisory Services Inc. purchased a new stake in shares of Invesco S&P International Developed Momentum ETF in the fourth quarter worth about $260,000.

Invesco S&P International Developed Momentum ETF Price Performance

Shares of IDMO opened at $44.35 on Tuesday. The stock has a market capitalization of $521.11 million, a price-to-earnings ratio of 15.96 and a beta of 0.80. Invesco S&P International Developed Momentum ETF has a 1 year low of $36.64 and a 1 year high of $45.67. The business’s 50 day simple moving average is $43.94 and its 200-day simple moving average is $42.57.

About Invesco S&P International Developed Momentum ETF

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.