Able Wealth Management LLC Sells 87,086 Shares of Invesco S&P International Developed Momentum ETF $IDMO

Able Wealth Management LLC decreased its position in Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) by 46.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 101,568 shares of the company’s stock after selling 87,086 shares during the period. Invesco S&P International Developed Momentum ETF comprises approximately 1.5% of Able Wealth Management LLC’s portfolio, making the stock its 22nd biggest holding. Able Wealth Management LLC’s holdings in Invesco S&P International Developed Momentum ETF were worth $5,570,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Essex Financial Services Inc. increased its stake in shares of Invesco S&P International Developed Momentum ETF by 29.5% in the first quarter. Essex Financial Services Inc. now owns 17,363 shares of the company’s stock worth $952,000 after purchasing an additional 3,952 shares in the last quarter. Partners Wealth Management LLC bought a new position in Invesco S&P International Developed Momentum ETF in the 1st quarter worth approximately $243,000. Manchester Financial Inc. boosted its holdings in Invesco S&P International Developed Momentum ETF by 0.6% in the 1st quarter. Manchester Financial Inc. now owns 456,012 shares of the company’s stock worth $25,008,000 after buying an additional 2,937 shares during the period. Next Level Private LLC purchased a new position in Invesco S&P International Developed Momentum ETF in the 1st quarter valued at approximately $863,000. Finally, Continuum Advisory LLC grew its stake in Invesco S&P International Developed Momentum ETF by 199.3% in the 1st quarter. Continuum Advisory LLC now owns 22,519 shares of the company’s stock valued at $1,235,000 after buying an additional 14,994 shares in the last quarter.

Invesco S&P International Developed Momentum ETF Price Performance

Invesco S&P International Developed Momentum ETF stock opened at $59.88 on Thursday. Invesco S&P International Developed Momentum ETF has a one year low of $50.20 and a one year high of $62.20. The business has a fifty day moving average price of $59.68 and a 200-day moving average price of $58.06. The firm has a market capitalization of $3.90 billion, a P/E ratio of 18.41 and a beta of 0.80.

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.