Rooted Wealth Advisors Inc. Acquires New Holdings in Invesco S&P International Developed Momentum ETF $IDMO

Rooted Wealth Advisors Inc. bought a new position in shares of Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) in the third quarter, Holdings Channel reports. The firm bought 316,654 shares of the company’s stock, valued at approximately $17,210,000. Invesco S&P International Developed Momentum ETF accounts for 5.2% of Rooted Wealth Advisors Inc.’s portfolio, making the stock its 3rd largest position.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Invesco S&P International Developed Momentum ETF by 181.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 683,555 shares of the company’s stock worth $35,025,000 after buying an additional 440,468 shares during the last quarter. Jane Street Group LLC grew its stake in Invesco S&P International Developed Momentum ETF by 3,902.6% in the 2nd quarter. Jane Street Group LLC now owns 549,800 shares of the company’s stock valued at $28,172,000 after buying an additional 536,064 shares during the last quarter. Great Valley Advisor Group Inc. raised its holdings in Invesco S&P International Developed Momentum ETF by 2.4% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 542,290 shares of the company’s stock worth $27,787,000 after acquiring an additional 12,759 shares during the period. Equitable Holdings Inc. raised its holdings in Invesco S&P International Developed Momentum ETF by 30.4% in the 2nd quarter. Equitable Holdings Inc. now owns 476,065 shares of the company’s stock worth $24,394,000 after acquiring an additional 111,019 shares during the period. Finally, CWM LLC lifted its position in Invesco S&P International Developed Momentum ETF by 23.5% during the 3rd quarter. CWM LLC now owns 416,882 shares of the company’s stock worth $22,507,000 after acquiring an additional 79,410 shares during the last quarter.

Invesco S&P International Developed Momentum ETF Price Performance

IDMO stock opened at $55.67 on Tuesday. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of 18.41 and a beta of 0.80. The company has a 50-day moving average of $54.53 and a two-hundred day moving average of $53.02. Invesco S&P International Developed Momentum ETF has a 52-week low of $38.35 and a 52-week high of $56.91.

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.