Sterling Group Wealth Management LLC bought a new position in shares of Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO – Free Report) in the fourth quarter, Holdings Channel reports. The fund bought 32,135 shares of the company’s stock, valued at approximately $1,306,000. Invesco S&P International Developed Momentum ETF makes up approximately 0.7% of Sterling Group Wealth Management LLC’s investment portfolio, making the stock its 18th biggest holding.
Several other hedge funds have also recently added to or reduced their stakes in IDMO. Crewe Advisors LLC bought a new stake in shares of Invesco S&P International Developed Momentum ETF during the 3rd quarter worth $107,000. Main Street Financial Solutions LLC purchased a new position in shares of Invesco S&P International Developed Momentum ETF in the third quarter worth approximately $238,000. Leavell Investment Management Inc. acquired a new stake in shares of Invesco S&P International Developed Momentum ETF during the third quarter valued at approximately $257,000. Thrivent Financial for Lutherans lifted its position in shares of Invesco S&P International Developed Momentum ETF by 9.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 6,144 shares of the company’s stock valued at $259,000 after acquiring an additional 553 shares in the last quarter. Finally, Key Client Fiduciary Advisors LLC grew its position in Invesco S&P International Developed Momentum ETF by 50.7% during the 3rd quarter. Key Client Fiduciary Advisors LLC now owns 8,296 shares of the company’s stock worth $349,000 after purchasing an additional 2,790 shares in the last quarter.
Invesco S&P International Developed Momentum ETF Stock Up 0.9 %
IDMO opened at $42.53 on Friday. The firm has a market capitalization of $197.76 million, a P/E ratio of 14.20 and a beta of 0.84. The stock has a fifty day moving average of $41.60 and a 200-day moving average of $41.59. Invesco S&P International Developed Momentum ETF has a 12-month low of $36.64 and a 12-month high of $43.62.
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.
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