Professional Financial Advisors LLC Raises Stock Holdings in Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO)

Professional Financial Advisors LLC raised its holdings in Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) by 6.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 66,771 shares of the company’s stock after purchasing an additional 3,869 shares during the period. Invesco S&P International Developed Momentum ETF comprises 0.7% of Professional Financial Advisors LLC’s holdings, making the stock its 23rd largest position. Professional Financial Advisors LLC owned about 0.57% of Invesco S&P International Developed Momentum ETF worth $2,949,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Truist Financial Corp acquired a new stake in Invesco S&P International Developed Momentum ETF in the 4th quarter valued at $231,000. Thrivent Financial for Lutherans raised its position in Invesco S&P International Developed Momentum ETF by 21.6% during the fourth quarter. Thrivent Financial for Lutherans now owns 7,470 shares of the company’s stock worth $304,000 after acquiring an additional 1,326 shares during the period. Bank of America Corp DE lifted its holdings in Invesco S&P International Developed Momentum ETF by 13.1% during the fourth quarter. Bank of America Corp DE now owns 11,542 shares of the company’s stock valued at $469,000 after purchasing an additional 1,339 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Invesco S&P International Developed Momentum ETF in the fourth quarter valued at about $5,140,000. Finally, Mariner LLC acquired a new stake in shares of Invesco S&P International Developed Momentum ETF in the fourth quarter valued at about $353,000.

Invesco S&P International Developed Momentum ETF Stock Down 0.3%

IDMO stock opened at $49.48 on Tuesday. Invesco S&P International Developed Momentum ETF has a 52 week low of $36.64 and a 52 week high of $50.93. The firm has a 50-day simple moving average of $48.34 and a 200-day simple moving average of $44.76. The stock has a market capitalization of $952.49 million, a P/E ratio of 19.13 and a beta of 0.81.

Invesco S&P International Developed Momentum ETF Company 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.