Invesco S&P International Developed Momentum ETF $IDMO Stock: CPA Asset Management Group LLC Increases Stake

CPA Asset Management Group LLC boosted its position in shares of Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) by 13.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 199,903 shares of the company’s stock after acquiring an additional 22,972 shares during the period. Invesco S&P International Developed Momentum ETF accounts for 3.4% of CPA Asset Management Group LLC’s holdings, making the stock its 10th biggest position. CPA Asset Management Group LLC’s holdings in Invesco S&P International Developed Momentum ETF were worth $12,202,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Kinetic Wealth Investment Advisors LLC purchased a new stake in Invesco S&P International Developed Momentum ETF in the second quarter valued at about $2,477,000. Integrated Wealth Concepts LLC boosted its holdings in Invesco S&P International Developed Momentum ETF by 180.5% in the second quarter. Integrated Wealth Concepts LLC now owns 134,169 shares of the company’s stock worth $8,089,000 after acquiring an additional 86,340 shares in the last quarter. Lunt Capital Management Inc. acquired a new stake in Invesco S&P International Developed Momentum ETF in the second quarter worth about $904,000. Corient Private Wealth LP purchased a new stake in shares of Invesco S&P International Developed Momentum ETF during the second quarter worth about $505,000. Finally, Waverly Advisors LLC grew its stake in shares of Invesco S&P International Developed Momentum ETF by 8,402.9% during the second quarter. Waverly Advisors LLC now owns 109,942 shares of the company’s stock worth $6,628,000 after acquiring an additional 108,649 shares during the last quarter.

Invesco S&P International Developed Momentum ETF Stock Performance

Shares of IDMO stock opened at $58.23 on Tuesday. Invesco S&P International Developed Momentum ETF has a fifty-two week low of $52.14 and a fifty-two week high of $63.88. The firm has a market capitalization of $4.15 billion, a price-to-earnings ratio of 18.41 and a beta of 0.80. The stock’s 50-day simple moving average is $61.38 and its 200-day simple moving average is $59.46.

About Invesco S&P International Developed Momentum ETF

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.