Novem Group Buys New Position in Invesco S&P International Developed Quality ETF (NYSEARCA:IDHQ)

Novem Group bought a new stake in shares of Invesco S&P International Developed Quality ETF (NYSEARCA:IDHQ) in the 4th quarter, HoldingsChannel reports. The firm bought 136,927 shares of the company’s stock, valued at approximately $3,878,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. raised its position in shares of Invesco S&P International Developed Quality ETF by 97.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 41,924 shares of the company’s stock valued at $1,332,000 after buying an additional 20,714 shares in the last quarter. Private Advisor Group LLC increased its stake in Invesco S&P International Developed Quality ETF by 14.6% in the fourth quarter. Private Advisor Group LLC now owns 12,968 shares of the company’s stock valued at $367,000 after acquiring an additional 1,651 shares during the last quarter. Jones Financial Companies Lllp raised its position in Invesco S&P International Developed Quality ETF by 116.2% during the fourth quarter. Jones Financial Companies Lllp now owns 8,726 shares of the company’s stock valued at $247,000 after purchasing an additional 4,690 shares in the last quarter. Valued Retirements Inc. lifted its stake in Invesco S&P International Developed Quality ETF by 8.3% during the fourth quarter. Valued Retirements Inc. now owns 16,812 shares of the company’s stock worth $476,000 after purchasing an additional 1,284 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Invesco S&P International Developed Quality ETF during the fourth quarter worth about $6,596,000.

Invesco S&P International Developed Quality ETF Trading Up 0.3%

IDHQ opened at $32.33 on Wednesday. The stock has a market capitalization of $417.06 million, a P/E ratio of 19.11 and a beta of 0.92. The stock has a 50-day moving average price of $30.50 and a 200-day moving average price of $29.96. Invesco S&P International Developed Quality ETF has a 12-month low of $26.61 and a 12-month high of $32.98.

Invesco S&P International Developed Quality ETF Profile

The PowerShares S&P International Developed High Quality Portfolio (Fund), formerly the PowerShares Dynamic Developed International Opportunities Portfolio, is based on the S&P BMI International Developed High Quality Rankings Index (the Underlying Index). The Fund will invest at least 90% of its total assets in companies that are identified by the Index as high quality stocks based on historical records of earnings and dividends.