Drake & Associates LLC Makes New $17.25 Million Investment in Invesco S&P International Developed Momentum ETF $IDMO

Drake & Associates LLC bought a new stake in Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 336,654 shares of the company’s stock, valued at approximately $17,250,000. Invesco S&P International Developed Momentum ETF accounts for approximately 4.2% of Drake & Associates LLC’s investment portfolio, making the stock its 10th largest position.

Other hedge funds have also made changes to their positions in the company. Kraematon Investment Advisors Inc. acquired a new stake in shares of Invesco S&P International Developed Momentum ETF during the second quarter worth approximately $728,000. USAdvisors Wealth Management LLC acquired a new stake in shares of Invesco S&P International Developed Momentum ETF during the 2nd quarter valued at $3,175,000. Ameriflex Group Inc. grew its holdings in shares of Invesco S&P International Developed Momentum ETF by 8.1% during the 2nd quarter. Ameriflex Group Inc. now owns 12,833 shares of the company’s stock valued at $651,000 after acquiring an additional 963 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of Invesco S&P International Developed Momentum ETF during the 2nd quarter valued at $1,515,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Invesco S&P International Developed Momentum ETF by 15.6% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 185,000 shares of the company’s stock worth $9,479,000 after acquiring an additional 25,000 shares during the last quarter.

Invesco S&P International Developed Momentum ETF Trading Down 0.3%

Shares of NYSEARCA:IDMO opened at $54.21 on Tuesday. The firm has a market cap of $1.92 billion, a price-to-earnings ratio of 18.41 and a beta of 0.78. Invesco S&P International Developed Momentum ETF has a 1 year low of $38.35 and a 1 year high of $54.43. The business has a fifty day simple moving average of $52.93 and a 200 day simple moving average of $49.74.

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.