Merriman Wealth Management LLC Cuts Stock Position in Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO)

Merriman Wealth Management LLC lowered its stake in shares of Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) by 2.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,931 shares of the company’s stock after selling 404 shares during the period. Merriman Wealth Management LLC owned 0.43% of Invesco S&P International Developed Momentum ETF worth $823,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. ICA Group Wealth Management LLC increased its holdings in Invesco S&P International Developed Momentum ETF by 214.5% in the 2nd quarter. ICA Group Wealth Management LLC now owns 997 shares of the company’s stock worth $41,000 after acquiring an additional 680 shares during the last quarter. Key Client Fiduciary Advisors LLC purchased a new position in shares of Invesco S&P International Developed Momentum ETF in the second quarter worth about $227,000. Cetera Advisors LLC purchased a new stake in shares of Invesco S&P International Developed Momentum ETF during the 1st quarter valued at approximately $239,000. MONECO Advisors LLC bought a new position in Invesco S&P International Developed Momentum ETF in the 2nd quarter worth approximately $246,000. Finally, Harbour Investments Inc. grew its stake in Invesco S&P International Developed Momentum ETF by 13.7% in the 2nd quarter. Harbour Investments Inc. now owns 7,553 shares of the company’s stock valued at $312,000 after buying an additional 911 shares in the last quarter.

Invesco S&P International Developed Momentum ETF Price Performance

Shares of IDMO stock opened at $42.71 on Friday. The stock has a market capitalization of $198.58 million, a price-to-earnings ratio of 14.20 and a beta of 0.84. The company’s fifty day simple moving average is $41.41 and its two-hundred day simple moving average is $41.24. Invesco S&P International Developed Momentum ETF has a 1 year low of $31.73 and a 1 year high of $43.30.

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.