Brookstone Capital Management Acquires 6,645 Shares of Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO)

Brookstone Capital Management boosted its holdings in Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) by 23.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 34,564 shares of the company’s stock after purchasing an additional 6,645 shares during the quarter. Brookstone Capital Management owned about 0.74% of Invesco S&P International Developed Momentum ETF worth $1,405,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in IDMO. Commonwealth Equity Services LLC bought a new stake in Invesco S&P International Developed Momentum ETF in the second quarter worth approximately $398,000. Envestnet Asset Management Inc. grew its stake in Invesco S&P International Developed Momentum ETF by 10.5% in the second quarter. Envestnet Asset Management Inc. now owns 53,585 shares of the company’s stock valued at $2,213,000 after acquiring an additional 5,092 shares during the period. Cetera Investment Advisers grew its stake in Invesco S&P International Developed Momentum ETF by 228.7% in the second quarter. Cetera Investment Advisers now owns 37,762 shares of the company’s stock valued at $1,560,000 after acquiring an additional 26,272 shares during the period. Professional Financial Advisors LLC grew its stake in Invesco S&P International Developed Momentum ETF by 6.5% in the third quarter. Professional Financial Advisors LLC now owns 59,710 shares of the company’s stock valued at $2,513,000 after acquiring an additional 3,653 shares during the period. Finally, Redhawk Wealth Advisors Inc. grew its stake in Invesco S&P International Developed Momentum ETF by 69.2% in the third quarter. Redhawk Wealth Advisors Inc. now owns 125,194 shares of the company’s stock valued at $5,268,000 after acquiring an additional 51,217 shares during the period.

Invesco S&P International Developed Momentum ETF Stock Performance

Shares of Invesco S&P International Developed Momentum ETF stock opened at $41.17 on Thursday. Invesco S&P International Developed Momentum ETF has a 52 week low of $36.29 and a 52 week high of $43.62. The stock has a 50 day moving average price of $41.62 and a two-hundred day moving average price of $41.59. The stock has a market capitalization of $191.44 million, a PE ratio of 14.20 and a beta of 0.84.

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.