Invesco S&P International Developed Momentum ETF (IDMO) to Issue Quarterly Dividend of $1.04 on December 26th

Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) declared a quarterly dividend on Tuesday, January 14th. Stockholders of record on Monday, December 22nd will be given a dividend of 1.04 per share on Friday, December 26th. This represents a c) annualized dividend and a dividend yield of 7.3%. The ex-dividend date of this dividend is Monday, December 22nd. This is a 499.5% increase from Invesco S&P International Developed Momentum ETF’s previous quarterly dividend of $0.17.

Invesco S&P International Developed Momentum ETF Stock Performance

Shares of NYSEARCA:IDMO traded up $0.52 during midday trading on Friday, hitting $56.72. 474,011 shares of the company’s stock traded hands, compared to its average volume of 302,435. The company has a market cap of $2.18 billion, a PE ratio of 18.41 and a beta of 0.80. The firm’s fifty day moving average price is $54.21 and its two-hundred day moving average price is $52.76. Invesco S&P International Developed Momentum ETF has a twelve month low of $38.35 and a twelve month high of $56.91.

Institutional Trading of Invesco S&P International Developed Momentum ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Triumph Capital Management acquired a new position in shares of Invesco S&P International Developed Momentum ETF in the 3rd quarter worth approximately $25,000. Creative Financial Designs Inc. ADV acquired a new stake in shares of Invesco S&P International Developed Momentum ETF during the second quarter worth $25,000. Bessemer Group Inc. purchased a new stake in shares of Invesco S&P International Developed Momentum ETF in the 3rd quarter valued at approximately $29,000. WPG Advisers LLC purchased a new stake in Invesco S&P International Developed Momentum ETF in the 3rd quarter worth about $55,000. Finally, Private Trust Co. NA grew its position in Invesco S&P International Developed Momentum ETF by 99.8% during the second quarter. Private Trust Co. NA now owns 1,107 shares of the company’s stock valued at $57,000 after purchasing an additional 553 shares in the last quarter.

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.