Drake & Associates LLC Has $26.28 Million Stock Position in Invesco S&P International Developed Momentum ETF $IDMO

Drake & Associates LLC increased its stake in Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) by 13.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 472,938 shares of the company’s stock after acquiring an additional 55,549 shares during the period. Invesco S&P International Developed Momentum ETF makes up approximately 5.2% of Drake & Associates LLC’s investment portfolio, making the stock its 9th biggest position. Drake & Associates LLC owned 0.93% of Invesco S&P International Developed Momentum ETF worth $26,281,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. D Orazio & Associates Inc. lifted its holdings in shares of Invesco S&P International Developed Momentum ETF by 347.3% in the 3rd quarter. D Orazio & Associates Inc. now owns 217,529 shares of the company’s stock worth $11,744,000 after acquiring an additional 168,892 shares during the last quarter. Embree Financial Group grew its holdings in Invesco S&P International Developed Momentum ETF by 39.5% during the 4th quarter. Embree Financial Group now owns 61,685 shares of the company’s stock valued at $3,428,000 after purchasing an additional 17,469 shares during the last quarter. Foresight Capital Management Advisors Inc. raised its position in Invesco S&P International Developed Momentum ETF by 112.5% in the 4th quarter. Foresight Capital Management Advisors Inc. now owns 99,107 shares of the company’s stock worth $5,507,000 after purchasing an additional 52,469 shares during the period. Fortis Group Advisors LLC purchased a new stake in Invesco S&P International Developed Momentum ETF in the 3rd quarter worth about $817,000. Finally, ORG Partners LLC raised its position in Invesco S&P International Developed Momentum ETF by 12.0% in the 4th quarter. ORG Partners LLC now owns 195,267 shares of the company’s stock worth $10,853,000 after purchasing an additional 20,904 shares during the period.

Invesco S&P International Developed Momentum ETF Price Performance

Shares of NYSEARCA IDMO opened at $61.49 on Friday. Invesco S&P International Developed Momentum ETF has a 1 year low of $48.79 and a 1 year high of $62.10. The firm has a 50-day simple moving average of $59.54 and a two-hundred day simple moving average of $57.72. The company has a market cap of $3.71 billion, a P/E 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.