Envestnet Asset Management Inc. Increases Stake in Invesco S&P International Developed Momentum ETF $IDMO

Envestnet Asset Management Inc. boosted its position in shares of Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) by 26.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 427,428 shares of the company’s stock after purchasing an additional 88,151 shares during the period. Envestnet Asset Management Inc. owned about 1.11% of Invesco S&P International Developed Momentum ETF worth $23,077,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IDMO. Legend Financial Advisors Inc. lifted its stake in Invesco S&P International Developed Momentum ETF by 0.8% in the third quarter. Legend Financial Advisors Inc. now owns 118,394 shares of the company’s stock worth $6,392,000 after purchasing an additional 909 shares during the last quarter. Meridian Wealth Management LLC purchased a new stake in shares of Invesco S&P International Developed Momentum ETF in the third quarter worth approximately $7,267,000. Three Cord True Wealth Management LLC lifted its stake in shares of Invesco S&P International Developed Momentum ETF by 2.8% during the 3rd quarter. Three Cord True Wealth Management LLC now owns 250,457 shares of the company’s stock worth $13,522,000 after acquiring an additional 6,931 shares during the last quarter. Cornerstone Wealth Management LLC purchased a new position in Invesco S&P International Developed Momentum ETF during the 3rd quarter valued at $489,000. Finally, TD Waterhouse Canada Inc. purchased a new position in Invesco S&P International Developed Momentum ETF during the 3rd quarter valued at $71,000.

Invesco S&P International Developed Momentum ETF Stock Down 0.0%

Shares of Invesco S&P International Developed Momentum ETF stock opened at $58.35 on Friday. The stock’s fifty day moving average is $56.97 and its two-hundred day moving average is $54.60. Invesco S&P International Developed Momentum ETF has a 52 week low of $38.35 and a 52 week high of $59.60. The company has a market capitalization of $2.96 billion, a PE ratio of 18.41 and a beta of 0.80.

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. IDMO was launched on Feb 24, 2012 and is managed by Invesco.