Waverly Advisors LLC Purchases 108,649 Shares of Invesco S&P International Developed Momentum ETF $IDMO

Waverly Advisors LLC grew its holdings in shares of Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) by 8,402.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 109,942 shares of the company’s stock after acquiring an additional 108,649 shares during the period. Waverly Advisors LLC owned 0.16% of Invesco S&P International Developed Momentum ETF worth $6,628,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in IDMO. Kinetic Wealth Investment Advisors LLC bought a new stake in shares of Invesco S&P International Developed Momentum ETF during the 2nd quarter valued at about $2,477,000. Corient Private Wealth LP bought a new stake in Invesco S&P International Developed Momentum ETF in the second quarter worth approximately $505,000. Affinity Wealth LLC lifted its stake in Invesco S&P International Developed Momentum ETF by 6.0% in the second quarter. Affinity Wealth LLC now owns 341,315 shares of the company’s stock valued at $20,578,000 after buying an additional 19,262 shares during the period. Kraematon Investment Advisors Inc. boosted its holdings in shares of Invesco S&P International Developed Momentum ETF by 2.8% during the 2nd quarter. Kraematon Investment Advisors Inc. now owns 62,634 shares of the company’s stock worth $3,776,000 after buying an additional 1,684 shares in the last quarter. Finally, Tenet Wealth Partners LLC bought a new position in shares of Invesco S&P International Developed Momentum ETF during the 2nd quarter worth approximately $1,028,000.

Invesco S&P International Developed Momentum ETF Stock Down 1.1%

Shares of IDMO stock opened at $62.26 on Friday. The firm has a 50 day moving average of $61.45 and a 200-day moving average of $59.55. The company has a market cap of $4.20 billion, a price-to-earnings ratio of 18.41 and a beta of 0.79. Invesco S&P International Developed Momentum ETF has a 52 week low of $52.14 and a 52 week high of $63.88.

About Invesco S&P International Developed Momentum ETF

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.