IFC & Insurance Marketing Inc. Invests $7.69 Million in Invesco S&P International Developed Momentum ETF $IDMO

IFC & Insurance Marketing Inc. purchased a new position in shares of Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 holdings, making the stock its biggest holding. IFC & Insurance Marketing Inc. owned approximately 0.23% of Invesco S&P International Developed Momentum ETF at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Triumph Capital Management purchased a new stake in Invesco S&P International Developed Momentum ETF in the third quarter worth about $25,000. Clarity Asset Management Inc. bought a new position in Invesco S&P International Developed Momentum ETF during the 4th quarter worth about $62,000. Creative Financial Designs Inc. ADV increased its position in Invesco S&P International Developed Momentum ETF by 45.5% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 1,154 shares of the company’s stock valued at $64,000 after purchasing an additional 361 shares during the period. JPMorgan Chase & Co. increased its position in Invesco S&P International Developed Momentum ETF by 756.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,284 shares of the company’s stock valued at $69,000 after purchasing an additional 1,134 shares during the period. Finally, Scarborough Advisors LLC raised its holdings in shares of Invesco S&P International Developed Momentum ETF by 305.0% in the 4th quarter. Scarborough Advisors LLC now owns 1,855 shares of the company’s stock valued at $103,000 after purchasing an additional 1,397 shares in the last quarter.

Invesco S&P International Developed Momentum ETF Stock Performance

NYSEARCA:IDMO opened at $61.79 on Tuesday. The firm has a 50-day simple moving average of $59.65 and a 200-day simple moving average of $57.83. Invesco S&P International Developed Momentum ETF has a one year low of $48.79 and a one year high of $62.20. The firm 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 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. IDMO was launched on Feb 24, 2012 and is managed by Invesco.