87,459 Invesco S&P International Developed Momentum ETF $IDMO Shares Sold by Hidden Cove Wealth Management LLC

Hidden Cove Wealth Management LLC reduced its stake in shares of Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) by 58.8% during the 3rd quarter, Holdings Channel.com reports. The fund owned 61,215 shares of the company’s stock after selling 87,459 shares during the quarter. Invesco S&P International Developed Momentum ETF comprises about 2.0% of Hidden Cove Wealth Management LLC’s portfolio, making the stock its 14th biggest position. Hidden Cove Wealth Management LLC’s holdings in Invesco S&P International Developed Momentum ETF were worth $3,737,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Tenet Wealth Partners LLC lifted its position in Invesco S&P International Developed Momentum ETF by 8.2% in the third quarter. Tenet Wealth Partners LLC now owns 18,593 shares of the company’s stock valued at $1,135,000 after acquiring an additional 1,410 shares during the last quarter. Prairie Advisory LLC boosted its stake in Invesco S&P International Developed Momentum ETF by 123.0% in the third quarter. Prairie Advisory LLC now owns 18,438 shares of the company’s stock valued at $1,125,000 after acquiring an additional 10,169 shares in the last quarter. LexAurum Advisors LLC boosted its stake in Invesco S&P International Developed Momentum ETF by 4.2% in the third quarter. LexAurum Advisors LLC now owns 25,130 shares of the company’s stock valued at $1,534,000 after acquiring an additional 1,016 shares in the last quarter. LongView Wealth Management grew its holdings in shares of Invesco S&P International Developed Momentum ETF by 19.9% during the third quarter. LongView Wealth Management now owns 30,586 shares of the company’s stock worth $1,867,000 after purchasing an additional 5,082 shares during the last quarter. Finally, Independent Wealth Network Inc. grew its holdings in shares of Invesco S&P International Developed Momentum ETF by 75.8% during the third quarter. Independent Wealth Network Inc. now owns 9,862 shares of the company’s stock worth $602,000 after purchasing an additional 4,251 shares during the last quarter.

Invesco S&P International Developed Momentum ETF Price Performance

Shares of IDMO traded down $0.26 during midday trading on Monday, reaching $58.73. 454,561 shares of the stock were exchanged, compared to its average volume of 439,035. The business’s 50-day moving average price is $61.91 and its 200 day moving average price is $60.39. Invesco S&P International Developed Momentum ETF has a twelve month low of $52.14 and a twelve month high of $63.88. The company has a market capitalization of $4.17 billion, a price-to-earnings ratio of 18.41 and a beta of 0.80.

Invesco S&P International Developed Momentum ETF Company 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.