IFC & Insurance Marketing Inc. Takes Position in Invesco S&P International Developed Momentum ETF $IDMO

IFC & Insurance Marketing Inc. purchased a new position in Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 140,228 shares of the company’s stock, valued at approximately $7,690,000. Invesco S&P International Developed Momentum ETF makes up approximately 8.0% of IFC & Insurance Marketing Inc.’s portfolio, making the stock its largest holding.

Other large investors have also recently made changes to their positions in the company. Brookstone Capital Management grew its stake in Invesco S&P International Developed Momentum ETF by 142.9% in the first quarter. Brookstone Capital Management now owns 232,809 shares of the company’s stock valued at $12,767,000 after purchasing an additional 136,967 shares during the last quarter. World Investment Advisors lifted its position in shares of Invesco S&P International Developed Momentum ETF by 10.3% during the fourth quarter. World Investment Advisors now owns 9,743 shares of the company’s stock valued at $541,000 after buying an additional 911 shares during the last quarter. Corient Private Wealth LLC purchased a new stake in shares of Invesco S&P International Developed Momentum ETF during the fourth quarter valued at about $513,000. SHP Wealth Management bought a new stake in shares of Invesco S&P International Developed Momentum ETF in the 4th quarter valued at about $47,926,000. Finally, Sankala Group LLC bought a new stake in shares of Invesco S&P International Developed Momentum ETF in the 4th quarter valued at about $319,000.

Invesco S&P International Developed Momentum ETF Stock Up 0.5%

Shares of Invesco S&P International Developed Momentum ETF stock opened at $61.79 on Tuesday. The firm’s 50 day moving average price is $59.65 and its 200-day moving average price is $57.83. Invesco S&P International Developed Momentum ETF has a 52-week low of $48.79 and a 52-week high of $62.20. The company has a market cap of $3.73 billion, a P/E 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.