Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO – Get Free Report) shares passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $59.50 and traded as high as $59.76. Invesco S&P International Developed Momentum ETF shares last traded at $59.62, with a volume of 470,606 shares trading hands.
Invesco S&P International Developed Momentum ETF Price Performance
The stock has a market capitalization of $4.25 billion, a price-to-earnings ratio of 18.41 and a beta of 0.80. The firm’s fifty day moving average is $61.17 and its 200-day moving average is $59.50.
Institutional Investors Weigh In On Invesco S&P International Developed Momentum ETF
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Summit Wealth Group LLC Co. bought a new position in shares of Invesco S&P International Developed Momentum ETF during the third quarter worth about $730,000. Vise Technologies Inc. acquired a new position in Invesco S&P International Developed Momentum ETF in the third quarter worth about $890,000. Founders Financial Securities LLC acquired a new position in Invesco S&P International Developed Momentum ETF in the third quarter worth about $3,769,000. WPG Advisers LLC grew its stake in Invesco S&P International Developed Momentum ETF by 5.9% in the third quarter. WPG Advisers LLC now owns 63,179 shares of the company’s stock worth $3,856,000 after purchasing an additional 3,539 shares in the last quarter. Finally, John Boyer Inc. acquired a new position in Invesco S&P International Developed Momentum ETF in the third quarter worth about $26,000.
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.
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