Invesco S&P International Developed Momentum ETF $IDMO Stock: Hidden Cove Wealth Management LLC Decreases Position

Hidden Cove Wealth Management LLC lowered its position in Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) by 58.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. 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 makes up about 2.0% of Hidden Cove Wealth Management LLC’s holdings, making the stock its 14th biggest holding. Hidden Cove Wealth Management LLC owned about 0.09% of Invesco S&P International Developed Momentum ETF worth $3,737,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tenet Wealth Partners LLC boosted its position in shares of Invesco S&P International Developed Momentum ETF by 8.2% during the 3rd quarter. Tenet Wealth Partners LLC now owns 18,593 shares of the company’s stock worth $1,135,000 after acquiring an additional 1,410 shares in the last quarter. Prairie Advisory LLC increased its holdings in shares of Invesco S&P International Developed Momentum ETF by 123.0% in the 3rd 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 during the last quarter. LexAurum Advisors LLC increased its holdings in shares of Invesco S&P International Developed Momentum ETF by 4.2% in the 3rd 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 during the last quarter. LongView Wealth Management increased its holdings in shares of Invesco S&P International Developed Momentum ETF by 19.9% in the 3rd quarter. LongView Wealth Management now owns 30,586 shares of the company’s stock valued at $1,867,000 after acquiring an additional 5,082 shares during the last quarter. Finally, Independent Wealth Network Inc. raised its position in shares of Invesco S&P International Developed Momentum ETF by 75.8% during the 3rd quarter. Independent Wealth Network Inc. now owns 9,862 shares of the company’s stock worth $602,000 after acquiring an additional 4,251 shares in the last quarter.

Invesco S&P International Developed Momentum ETF Price Performance

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

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.