Gratus Wealth Advisors LLC Invests $25.05 Million in Invesco S&P International Developed Momentum ETF $IDMO

Gratus Wealth Advisors LLC purchased a new position in shares of Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 456,816 shares of the company’s stock, valued at approximately $25,052,000. Invesco S&P International Developed Momentum ETF makes up 3.6% of Gratus Wealth Advisors LLC’s investment portfolio, making the stock its 11th biggest position. Gratus Wealth Advisors LLC owned approximately 0.76% of Invesco S&P International Developed Momentum ETF as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in IDMO. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Invesco S&P International Developed Momentum ETF by 130.4% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 1,574,765 shares of the company’s stock worth $85,022,000 after buying an additional 891,210 shares in the last quarter. SHP Wealth Management acquired a new position in Invesco S&P International Developed Momentum ETF during the fourth quarter worth about $47,926,000. Great Valley Advisor Group Inc. grew its stake in Invesco S&P International Developed Momentum ETF by 135.6% during the 4th quarter. Great Valley Advisor Group Inc. now owns 1,312,503 shares of the company’s stock valued at $72,936,000 after acquiring an additional 755,465 shares in the last quarter. LPL Financial LLC grew its stake in Invesco S&P International Developed Momentum ETF by 17.5% during the 4th quarter. LPL Financial LLC now owns 4,549,563 shares of the company’s stock valued at $252,819,000 after acquiring an additional 677,990 shares in the last quarter. Finally, Jane Street Group LLC raised its holdings in Invesco S&P International Developed Momentum ETF by 3,902.6% in the 2nd quarter. Jane Street Group LLC now owns 549,800 shares of the company’s stock valued at $28,172,000 after acquiring an additional 536,064 shares during the last quarter.

Invesco S&P International Developed Momentum ETF Price Performance

IDMO opened at $60.14 on Monday. The firm has a market capitalization of $3.96 billion, a price-to-earnings ratio of 18.41 and a beta of 0.80. The company’s 50 day simple moving average is $59.93 and its two-hundred day simple moving average is $58.26. Invesco S&P International Developed Momentum ETF has a 1-year low of $50.21 and a 1-year high of $62.20.

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.