Royal Bank of Canada Raises Stock Position in Invesco S&P International Developed Momentum ETF $IDMO

Royal Bank of Canada boosted its holdings in shares of Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) by 22.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 48,090 shares of the company’s stock after purchasing an additional 8,919 shares during the period. Royal Bank of Canada owned about 0.08% of Invesco S&P International Developed Momentum ETF worth $2,638,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in IDMO. Quantinno Capital Management LP grew its position in Invesco S&P International Developed Momentum ETF by 49.6% during the 1st quarter. Quantinno Capital Management LP now owns 12,706 shares of the company’s stock worth $697,000 after purchasing an additional 4,215 shares during the period. Waverly Advisors LLC purchased a new position in shares of Invesco S&P International Developed Momentum ETF during the 1st quarter valued at about $71,000. Modern Wealth Management LLC lifted its holdings in shares of Invesco S&P International Developed Momentum ETF by 10.3% in the 1st quarter. Modern Wealth Management LLC now owns 248,014 shares of the company’s stock valued at $13,983,000 after buying an additional 23,121 shares during the period. Greenline Wealth Management LLC lifted its holdings in shares of Invesco S&P International Developed Momentum ETF by 24.2% in the 1st quarter. Greenline Wealth Management LLC now owns 70,387 shares of the company’s stock valued at $3,860,000 after buying an additional 13,713 shares during the period. Finally, Cetera Investment Advisers boosted its stake in shares of Invesco S&P International Developed Momentum ETF by 33.2% in the first quarter. Cetera Investment Advisers now owns 2,098,429 shares of the company’s stock worth $115,078,000 after buying an additional 523,230 shares during the last quarter.

Invesco S&P International Developed Momentum ETF Price Performance

Invesco S&P International Developed Momentum ETF stock opened at $63.26 on Monday. The firm has a market cap of $4.27 billion, a price-to-earnings ratio of 18.41 and a beta of 0.80. Invesco S&P International Developed Momentum ETF has a 52 week low of $51.91 and a 52 week high of $63.50. The business’s 50-day moving average price is $60.36 and its 200 day moving average price is $58.99.

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.