Three Cord True Wealth Management LLC Buys 21,868 Shares of Invesco S&P International Developed Momentum ETF $IDMO

Three Cord True Wealth Management LLC grew its stake in Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) by 8.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 272,325 shares of the company’s stock after purchasing an additional 21,868 shares during the period. Invesco S&P International Developed Momentum ETF comprises about 8.8% of Three Cord True Wealth Management LLC’s investment portfolio, making the stock its 6th biggest position. Three Cord True Wealth Management LLC owned about 0.54% of Invesco S&P International Developed Momentum ETF worth $15,133,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Triumph Capital Management acquired a new stake in Invesco S&P International Developed Momentum ETF in the 3rd quarter worth $25,000. Bessemer Group Inc. acquired a new stake in Invesco S&P International Developed Momentum ETF in the 3rd quarter worth $29,000. WPG Advisers LLC acquired a new stake in Invesco S&P International Developed Momentum ETF in the 3rd quarter worth $55,000. JPMorgan Chase & Co. grew its position in Invesco S&P International Developed Momentum ETF by 756.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,284 shares of the company’s stock worth $69,000 after purchasing an additional 1,134 shares during the last quarter. Finally, TD Waterhouse Canada Inc. acquired a new stake in Invesco S&P International Developed Momentum ETF in the 3rd quarter worth $71,000.

Invesco S&P International Developed Momentum ETF Price Performance

NYSEARCA IDMO opened at $58.94 on Monday. The firm has a market capitalization of $3.56 billion, a price-to-earnings ratio of 18.41 and a beta of 0.81. The company’s fifty day moving average is $57.48 and its two-hundred day moving average is $56.75. Invesco S&P International Developed Momentum ETF has a 52-week low of $48.28 and a 52-week high of $61.17.

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.