Raymond James Financial Inc. Acquires Shares of 126,472 Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO)

Raymond James Financial Inc. bought a new position in shares of Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 126,472 shares of the company’s stock, valued at approximately $5,140,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in IDMO. Sigma Planning Corp increased its holdings in Invesco S&P International Developed Momentum ETF by 258.9% in the 4th quarter. Sigma Planning Corp now owns 38,933 shares of the company’s stock worth $1,582,000 after acquiring an additional 28,086 shares in the last quarter. Able Wealth Management LLC increased its stake in shares of Invesco S&P International Developed Momentum ETF by 19.0% during the fourth quarter. Able Wealth Management LLC now owns 25,144 shares of the company’s stock worth $1,022,000 after purchasing an additional 4,008 shares in the last quarter. Private Advisor Group LLC increased its stake in shares of Invesco S&P International Developed Momentum ETF by 323.1% during the fourth quarter. Private Advisor Group LLC now owns 37,429 shares of the company’s stock worth $1,521,000 after purchasing an additional 28,582 shares in the last quarter. Truist Financial Corp acquired a new position in shares of Invesco S&P International Developed Momentum ETF during the 4th quarter worth about $231,000. Finally, Systelligence LLC lifted its stake in Invesco S&P International Developed Momentum ETF by 42.2% in the 4th quarter. Systelligence LLC now owns 218,908 shares of the company’s stock valued at $8,896,000 after buying an additional 64,965 shares in the last quarter.

Invesco S&P International Developed Momentum ETF Trading Up 0.9 %

IDMO stock opened at $45.44 on Wednesday. Invesco S&P International Developed Momentum ETF has a 12-month low of $36.64 and a 12-month high of $45.67. The business’s 50-day moving average is $43.65 and its 200 day moving average is $42.38. The stock has a market cap of $506.66 million, a price-to-earnings ratio of 17.47 and a beta of 0.84.

Invesco S&P International Developed Momentum ETF Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 24th will be given a dividend of $0.2239 per share. The ex-dividend date of this dividend is Monday, March 24th.

Invesco S&P International Developed Momentum ETF 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.