CPA Asset Management Group LLC Invests $563,000 in Invesco S&P International Developed Momentum ETF $IDMO

CPA Asset Management Group LLC bought a new stake in shares of Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 10,128 shares of the company’s stock, valued at approximately $563,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IDMO. Triumph Capital Management bought a new stake in shares of Invesco S&P International Developed Momentum ETF in the third quarter valued at approximately $25,000. Bessemer Group Inc. bought a new position in Invesco S&P International Developed Momentum ETF during the third quarter worth $29,000. WPG Advisers LLC acquired a new position in Invesco S&P International Developed Momentum ETF during the 3rd quarter valued at $55,000. JPMorgan Chase & Co. raised its stake in Invesco S&P International Developed Momentum ETF by 756.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,284 shares of the company’s stock valued at $69,000 after purchasing an additional 1,134 shares during the last quarter. Finally, TD Waterhouse Canada Inc. bought a new stake in Invesco S&P International Developed Momentum ETF in the 3rd quarter valued at $71,000.

Invesco S&P International Developed Momentum ETF Price Performance

NYSEARCA IDMO opened at $53.53 on Friday. The firm has a market capitalization of $2.71 billion, a price-to-earnings ratio of 18.41 and a beta of 0.80. The company’s fifty day moving average is $57.53 and its two-hundred day moving average is $55.56. Invesco S&P International Developed Momentum ETF has a 52-week low of $38.35 and a 52-week high of $60.44.

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.