Apollon Wealth Management LLC Buys 8,972 Shares of Invesco S&P International Developed Momentum ETF $IDMO

Apollon Wealth Management LLC lifted its stake in shares of Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) by 52.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,033 shares of the company’s stock after acquiring an additional 8,972 shares during the quarter. Apollon Wealth Management LLC owned approximately 0.06% of Invesco S&P International Developed Momentum ETF worth $1,447,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. World Investment Advisors grew its stake in shares of Invesco S&P International Developed Momentum ETF by 2.9% during the 3rd quarter. World Investment Advisors now owns 8,832 shares of the company’s stock valued at $477,000 after acquiring an additional 252 shares during the period. Stratos Wealth Partners LTD. lifted its holdings in Invesco S&P International Developed Momentum ETF by 2.7% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 9,919 shares of the company’s stock worth $536,000 after purchasing an additional 259 shares in the last quarter. Advisory Services Network LLC lifted its holdings in Invesco S&P International Developed Momentum ETF by 4.3% in the 3rd quarter. Advisory Services Network LLC now owns 9,503 shares of the company’s stock worth $513,000 after purchasing an additional 392 shares in the last quarter. Triumph Capital Management purchased a new position in Invesco S&P International Developed Momentum ETF in the 3rd quarter worth approximately $25,000. Finally, Baron Wealth Management LLC lifted its holdings in Invesco S&P International Developed Momentum ETF by 9.6% in the 3rd quarter. Baron Wealth Management LLC now owns 5,557 shares of the company’s stock worth $300,000 after purchasing an additional 489 shares in the last quarter.

Invesco S&P International Developed Momentum ETF Trading Up 0.4%

NYSEARCA IDMO opened at $59.43 on Tuesday. The stock’s 50 day moving average is $57.24 and its 200 day moving average is $55.83. Invesco S&P International Developed Momentum ETF has a 12 month low of $43.34 and a 12 month high of $60.44. The stock has a market cap of $3.51 billion, a PE ratio of 18.41 and a beta of 0.81.

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.