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

Tenet Wealth Partners LLC acquired a new stake in shares of Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 17,183 shares of the company’s stock, valued at approximately $1,028,000. Invesco S&P International Developed Momentum ETF accounts for about 0.8% of Tenet Wealth Partners LLC’s holdings, making the stock its 27th biggest position.

Other hedge funds have also recently modified their holdings of the company. Pearl Planning LLC purchased a new position in Invesco S&P International Developed Momentum ETF during the 4th quarter valued at about $885,000. Northwestern Mutual Wealth Management Co. grew its holdings in Invesco S&P International Developed Momentum ETF by 25.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,973,250 shares of the company’s stock worth $109,654,000 after purchasing an additional 398,485 shares during the period. D Orazio & Associates Inc. grew its holdings in Invesco S&P International Developed Momentum ETF by 22.3% in the fourth quarter. D Orazio & Associates Inc. now owns 266,107 shares of the company’s stock worth $14,788,000 after purchasing an additional 48,578 shares during the period. Harbour Investments Inc. increased its stake in shares of Invesco S&P International Developed Momentum ETF by 13.4% during the fourth quarter. Harbour Investments Inc. now owns 131,205 shares of the company’s stock valued at $7,291,000 after purchasing an additional 15,500 shares in the last quarter. Finally, Ameritas Advisory Services LLC increased its stake in shares of Invesco S&P International Developed Momentum ETF by 1,358.1% during the fourth quarter. Ameritas Advisory Services LLC now owns 159,703 shares of the company’s stock valued at $8,875,000 after purchasing an additional 148,750 shares in the last quarter.

Invesco S&P International Developed Momentum ETF Stock Performance

IDMO stock opened at $63.46 on Friday. The firm has a 50 day moving average price of $61.21 and a 200-day moving average price of $59.43. Invesco S&P International Developed Momentum ETF has a 52-week low of $52.14 and a 52-week high of $63.88. The firm has a market capitalization of $4.28 billion, a price-to-earnings ratio of 18.41 and a beta of 0.79.

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. IDMO was launched on Feb 24, 2012 and is managed by Invesco.