Meridian Wealth Management LLC Makes New Investment in Invesco S&P International Developed Momentum ETF $IDMO

Meridian Wealth Management LLC purchased a new position in Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) in the third quarter, HoldingsChannel.com reports. The fund purchased 134,594 shares of the company’s stock, valued at approximately $7,267,000.

A number of other large investors have also made changes to their positions in the stock. Three Cord True Wealth Management LLC boosted its stake in shares of Invesco S&P International Developed Momentum ETF by 2.8% during the third quarter. Three Cord True Wealth Management LLC now owns 250,457 shares of the company’s stock valued at $13,522,000 after acquiring an additional 6,931 shares during the last quarter. Cornerstone Wealth Management LLC purchased a new position in Invesco S&P International Developed Momentum ETF in the 3rd quarter valued at about $489,000. TD Waterhouse Canada Inc. purchased a new position in Invesco S&P International Developed Momentum ETF in the 3rd quarter valued at about $71,000. Truist Financial Corp boosted its stake in shares of Invesco S&P International Developed Momentum ETF by 50.8% during the 3rd quarter. Truist Financial Corp now owns 11,952 shares of the company’s stock worth $645,000 after purchasing an additional 4,024 shares during the last quarter. Finally, Adamsbrown Wealth Consultants LLC grew its holdings in shares of Invesco S&P International Developed Momentum ETF by 776.3% during the third quarter. Adamsbrown Wealth Consultants LLC now owns 487,224 shares of the company’s stock worth $26,305,000 after buying an additional 431,622 shares in the last quarter.

Invesco S&P International Developed Momentum ETF Price Performance

NYSEARCA:IDMO opened at $57.78 on Friday. The firm has a market cap of $2.83 billion, a PE ratio of 18.41 and a beta of 0.80. The firm has a 50 day simple moving average of $56.10 and a 200-day simple moving average of $54.11. Invesco S&P International Developed Momentum ETF has a 1-year low of $38.35 and a 1-year high of $58.92.

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.