Ameriflex Group Inc. bought a new stake in Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO – Free Report) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 19,730 shares of the company’s stock, valued at approximately $842,000.
Other hedge funds also recently added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of Invesco S&P International Developed Momentum ETF by 78.2% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 980 shares of the company’s stock worth $40,000 after purchasing an additional 430 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in shares of Invesco S&P International Developed Momentum ETF in the 4th quarter valued at $166,000. Stratos Wealth Advisors LLC acquired a new position in shares of Invesco S&P International Developed Momentum ETF in the 4th quarter valued at $211,000. Truist Financial Corp acquired a new position in shares of Invesco S&P International Developed Momentum ETF in the 4th quarter valued at $231,000. Finally, Avantax Advisory Services Inc. purchased a new position in shares of Invesco S&P International Developed Momentum ETF in the 4th quarter valued at $260,000.
Invesco S&P International Developed Momentum ETF Trading Up 0.2%
Shares of IDMO stock opened at $49.44 on Friday. The company’s fifty day simple moving average is $45.56 and its 200-day simple moving average is $43.57. Invesco S&P International Developed Momentum ETF has a 52 week low of $36.64 and a 52 week high of $49.81. The company has a market cap of $828.12 million, a PE ratio of 18.69 and a beta of 0.81.
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.
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Want to see what other hedge funds are holding IDMO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO – Free Report).
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