Able Wealth Management LLC Acquires 24,446 Shares of Invesco S&P International Developed Momentum ETF $IDMO

Able Wealth Management LLC boosted its holdings in Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) by 14.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 188,654 shares of the company’s stock after purchasing an additional 24,446 shares during the period. Invesco S&P International Developed Momentum ETF comprises 3.3% of Able Wealth Management LLC’s portfolio, making the stock its 9th largest position. Able Wealth Management LLC owned 0.39% of Invesco S&P International Developed Momentum ETF worth $10,484,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Fortis Capital Advisors LLC purchased a new position in shares of Invesco S&P International Developed Momentum ETF during the 4th quarter valued at approximately $381,000. Earned Wealth Advisors LLC bought a new stake in shares of Invesco S&P International Developed Momentum ETF in the fourth quarter worth $912,000. Berger Financial Group Inc increased its stake in shares of Invesco S&P International Developed Momentum ETF by 119.9% in the fourth quarter. Berger Financial Group Inc now owns 8,771 shares of the company’s stock worth $487,000 after buying an additional 4,782 shares during the last quarter. CWM LLC increased its stake in shares of Invesco S&P International Developed Momentum ETF by 13.5% in the fourth quarter. CWM LLC now owns 473,235 shares of the company’s stock worth $26,298,000 after buying an additional 56,353 shares during the last quarter. Finally, Annex Advisory Services LLC bought a new stake in shares of Invesco S&P International Developed Momentum ETF in the fourth quarter worth $527,000.

Invesco S&P International Developed Momentum ETF Trading Down 0.8%

Shares of NYSEARCA:IDMO opened at $59.67 on Tuesday. The company has a fifty day simple moving average of $57.39 and a 200 day simple moving average of $56.04. The firm has a market cap of $3.57 billion, a PE ratio of 18.41 and a beta of 0.81. Invesco S&P International Developed Momentum ETF has a 12-month low of $44.03 and a 12-month high of $60.65.

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.