IFC & Insurance Marketing Inc. increased its holdings in shares of Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO – Free Report) by 7.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 162,413 shares of the company’s stock after buying an additional 10,698 shares during the period. Invesco S&P International Developed Momentum ETF comprises approximately 8.6% of IFC & Insurance Marketing Inc.’s investment portfolio, making the stock its largest holding. IFC & Insurance Marketing Inc. owned approximately 0.23% of Invesco S&P International Developed Momentum ETF worth $9,921,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. SHP Wealth Management purchased a new stake in Invesco S&P International Developed Momentum ETF in the 4th quarter worth $47,926,000. Cetera Investment Advisers raised its position in Invesco S&P International Developed Momentum ETF by 33.2% during the first quarter. Cetera Investment Advisers now owns 2,098,429 shares of the company’s stock worth $115,078,000 after acquiring an additional 523,230 shares during the period. Planning Alternatives Ltd. ADV purchased a new position in Invesco S&P International Developed Momentum ETF during the first quarter valued at $26,486,000. Gratus Wealth Advisors LLC purchased a new position in Invesco S&P International Developed Momentum ETF during the first quarter valued at $25,052,000. Finally, Bank of America Corp DE lifted its holdings in Invesco S&P International Developed Momentum ETF by 495.9% during the first quarter. Bank of America Corp DE now owns 535,605 shares of the company’s stock valued at $29,373,000 after purchasing an additional 445,719 shares in the last quarter.
Invesco S&P International Developed Momentum ETF Stock Down 0.3%
Shares of NYSEARCA IDMO traded down $0.20 during trading on Friday, hitting $58.99. The company had a trading volume of 345,529 shares, compared to its average volume of 438,957. The stock has a fifty day simple moving average of $61.91 and a two-hundred day simple moving average of $60.34. Invesco S&P International Developed Momentum ETF has a fifty-two week low of $52.14 and a fifty-two week high of $63.88. The firm has a market capitalization of $4.19 billion, a price-to-earnings ratio of 18.41 and a beta of 0.80.
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. IDMO was launched on Feb 24, 2012 and is managed by Invesco.
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