Manchester Financial Inc. Makes New Investment in Invesco S&P International Developed Momentum ETF $IDMO

Manchester Financial Inc. acquired a new position in Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) in the 4th quarter, Holdings Channel reports. The firm acquired 453,075 shares of the company’s stock, valued at approximately $25,177,000. Invesco S&P International Developed Momentum ETF makes up 4.7% of Manchester Financial Inc.’s holdings, making the stock its 3rd biggest holding.

A number of other hedge funds have also recently made changes to their positions in the stock. Stratos Wealth Partners LTD. raised its stake in Invesco S&P International Developed Momentum ETF by 2.7% during the third quarter. Stratos Wealth Partners LTD. now owns 9,919 shares of the company’s stock valued at $536,000 after buying an additional 259 shares during the last quarter. HBW Advisory Services LLC raised its stake in Invesco S&P International Developed Momentum ETF by 7.8% during the fourth quarter. HBW Advisory Services LLC now owns 4,187 shares of the company’s stock valued at $233,000 after buying an additional 302 shares during the last quarter. Creative Financial Designs Inc. ADV raised its stake in Invesco S&P International Developed Momentum ETF by 45.5% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 1,154 shares of the company’s stock valued at $64,000 after buying an additional 361 shares during the last quarter. Segment Wealth Management LLC raised its stake in Invesco S&P International Developed Momentum ETF by 6.7% during the fourth quarter. Segment Wealth Management LLC now owns 6,190 shares of the company’s stock valued at $344,000 after buying an additional 390 shares during the last quarter. Finally, Advisory Services Network LLC raised its stake in Invesco S&P International Developed Momentum ETF by 4.3% during the third quarter. Advisory Services Network LLC now owns 9,503 shares of the company’s stock valued at $513,000 after buying an additional 392 shares during the last quarter.

Invesco S&P International Developed Momentum ETF Trading Up 4.3%

Shares of NYSEARCA:IDMO opened at $59.01 on Friday. The stock has a fifty day simple moving average of $59.07 and a two-hundred day simple moving average of $57.48. The stock has a market capitalization of $3.56 billion, a price-to-earnings ratio of 18.41 and a beta of 0.80. Invesco S&P International Developed Momentum ETF has a 12-month low of $48.79 and a 12-month high of $61.17.

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.