Invesco S&P International Developed Momentum ETF $IDMO Position Increased by Drake & Associates LLC

Drake & Associates LLC increased its position in shares of Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) by 24.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 417,389 shares of the company’s stock after purchasing an additional 80,735 shares during the period. Invesco S&P International Developed Momentum ETF makes up approximately 4.7% of Drake & Associates LLC’s portfolio, making the stock its 9th largest position. Drake & Associates LLC owned about 1.09% of Invesco S&P International Developed Momentum ETF worth $22,501,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in IDMO. World Investment Advisors raised 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 worth $477,000 after buying an additional 252 shares in the last quarter. Stratos Wealth Partners LTD. raised its position in Invesco S&P International Developed Momentum ETF by 2.7% in the third quarter. Stratos Wealth Partners LTD. now owns 9,919 shares of the company’s stock worth $536,000 after acquiring an additional 259 shares in the last quarter. Baron Wealth Management LLC lifted its holdings in Invesco S&P International Developed Momentum ETF by 9.6% in the third quarter. Baron Wealth Management LLC now owns 5,557 shares of the company’s stock valued at $300,000 after acquiring an additional 489 shares during the period. Creative Financial Designs Inc. ADV purchased a new stake in shares of Invesco S&P International Developed Momentum ETF during the 2nd quarter worth $25,000. Finally, Bessemer Group Inc. acquired a new position in shares of Invesco S&P International Developed Momentum ETF during the 3rd quarter worth $29,000.

Invesco S&P International Developed Momentum ETF Price Performance

Shares of IDMO opened at $59.18 on Thursday. 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 50-day simple moving average of $56.83 and a 200-day simple moving average of $54.52. The company has a market capitalization of $3.00 billion, a PE ratio of 18.41 and a beta of 0.80.

Invesco S&P International Developed Momentum ETF Company 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.