Envestnet Asset Management Inc. Raises Stock Holdings in Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO)

Envestnet Asset Management Inc. raised its position in shares of Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) by 21.7% during the 4th quarter, Holdings Channel reports. The firm owned 132,346 shares of the company’s stock after buying an additional 23,636 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Invesco S&P International Developed Momentum ETF were worth $5,379,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of IDMO. Harel Insurance Investments & Financial Services Ltd. increased its holdings in Invesco S&P International Developed Momentum ETF by 78.2% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 980 shares of the company’s stock worth $40,000 after buying an additional 430 shares during the period. JPMorgan Chase & Co. acquired a new stake in shares of Invesco S&P International Developed Momentum ETF in the fourth quarter worth $166,000. Stratos Wealth Advisors LLC purchased a new position in shares of Invesco S&P International Developed Momentum ETF during the fourth quarter worth $211,000. Truist Financial Corp acquired a new position in Invesco S&P International Developed Momentum ETF during the fourth quarter valued at $231,000. Finally, Avantax Advisory Services Inc. purchased a new stake in Invesco S&P International Developed Momentum ETF in the fourth quarter valued at $260,000.

Invesco S&P International Developed Momentum ETF Stock Performance

NYSEARCA IDMO opened at $44.35 on Tuesday. The firm has a market capitalization of $521.11 million, a P/E ratio of 15.96 and a beta of 0.80. The stock has a 50-day simple moving average of $43.94 and a two-hundred day simple moving average of $42.57. Invesco S&P International Developed Momentum ETF has a fifty-two week low of $36.64 and a fifty-two week high of $45.67.

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.