IFC & Insurance Marketing Inc. Has $9.15 Million Holdings in Invesco S&P International Developed Momentum ETF $IDMO

IFC & Insurance Marketing Inc. boosted its holdings in Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) by 8.2% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 151,715 shares of the company’s stock after buying an additional 11,487 shares during the period. Invesco S&P International Developed Momentum ETF accounts for approximately 8.1% of IFC & Insurance Marketing Inc.’s holdings, making the stock its 2nd biggest position. IFC & Insurance Marketing Inc.’s holdings in Invesco S&P International Developed Momentum ETF were worth $9,147,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Capstone Wealth Management Group LLC bought a new position in shares of Invesco S&P International Developed Momentum ETF in the first quarter worth about $1,171,000. Creative Planning purchased a new stake in shares of Invesco S&P International Developed Momentum ETF during the second quarter worth about $269,000. CW Advisors LLC bought a new stake in Invesco S&P International Developed Momentum ETF during the 2nd quarter valued at approximately $226,000. Raymond James Financial Inc. raised its stake in Invesco S&P International Developed Momentum ETF by 65.9% during the 2nd quarter. Raymond James Financial Inc. now owns 224,078 shares of the company’s stock valued at $11,482,000 after purchasing an additional 88,971 shares during the period. Finally, Ausdal Financial Partners Inc. purchased a new position in Invesco S&P International Developed Momentum ETF in the 2nd quarter worth approximately $366,000.

Invesco S&P International Developed Momentum ETF Price Performance

IDMO stock opened at $62.74 on Monday. Invesco S&P International Developed Momentum ETF has a 1-year low of $51.91 and a 1-year high of $62.99. The business has a 50 day simple moving average of $60.02 and a two-hundred day simple moving average of $58.79. The company has a market capitalization of $4.23 billion, a price-to-earnings ratio of 18.41 and a beta of 0.80.

About Invesco S&P International Developed Momentum ETF

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.