Commonwealth Equity Services LLC Buys 779,914 Shares of Invesco S&P International Developed Momentum ETF $IDMO

Commonwealth Equity Services LLC bought a new position in Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 779,914 shares of the company’s stock, valued at approximately $47,606,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. John Boyer Inc. acquired a new stake in Invesco S&P International Developed Momentum ETF during the third quarter worth about $26,000. Bessemer Group Inc. raised its holdings in shares of Invesco S&P International Developed Momentum ETF by 90.6% in the 1st quarter. Bessemer Group Inc. now owns 1,010 shares of the company’s stock worth $55,000 after purchasing an additional 480 shares during the period. Waverly Advisors LLC purchased a new position in shares of Invesco S&P International Developed Momentum ETF in the 1st quarter worth about $71,000. PNC Financial Services Group Inc. purchased a new position in shares of Invesco S&P International Developed Momentum ETF in the 1st quarter worth about $86,000. Finally, Polaris Financial Partners acquired a new position in shares of Invesco S&P International Developed Momentum ETF in the 3rd quarter valued at about $101,000.

Invesco S&P International Developed Momentum ETF Price Performance

NYSEARCA IDMO opened at $55.60 on Friday. Invesco S&P International Developed Momentum ETF has a 1-year low of $52.14 and a 1-year high of $63.88. The firm has a market capitalization of $3.98 billion, a P/E ratio of 18.41 and a beta of 0.81. The business’s 50-day simple moving average is $60.49 and its 200-day simple moving average is $59.50.

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.