Avantax Advisory Services Inc. Makes New $260,000 Investment in Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO)

Avantax Advisory Services Inc. acquired a new stake in Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,405 shares of the company’s stock, valued at approximately $260,000. Avantax Advisory Services Inc. owned 0.14% of Invesco S&P International Developed Momentum ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently modified their holdings of the company. Stratos Wealth Partners LTD. raised its position in Invesco S&P International Developed Momentum ETF by 59.5% during the 4th quarter. Stratos Wealth Partners LTD. now owns 8,118 shares of the company’s stock worth $330,000 after buying an additional 3,028 shares during the last quarter. Truist Financial Corp purchased a new position in shares of Invesco S&P International Developed Momentum ETF during the fourth quarter worth $231,000. Private Advisor Group LLC lifted its position in 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 valued at $1,521,000 after purchasing an additional 28,582 shares during the period. Retireful LLC purchased a new stake in Invesco S&P International Developed Momentum ETF in the fourth quarter valued at $1,479,000. Finally, Thrivent Financial for Lutherans grew its position in Invesco S&P International Developed Momentum ETF by 9.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 6,144 shares of the company’s stock worth $259,000 after purchasing an additional 553 shares during the period.

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

Shares of IDMO stock opened at $45.44 on Wednesday. Invesco S&P International Developed Momentum ETF has a 52-week low of $36.64 and a 52-week high of $45.67. The stock has a market cap of $506.66 million, a PE ratio of 17.47 and a beta of 0.84. The business has a 50-day simple moving average of $43.65 and a 200-day simple moving average of $42.38.

Invesco S&P International Developed Momentum ETF Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 24th will be issued a $0.2239 dividend. The ex-dividend date is Monday, March 24th.

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.