Synergy Asset Management LLC Invests $4.39 Million in Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO)

Synergy Asset Management LLC purchased a new stake in Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 104,458 shares of the company’s stock, valued at approximately $4,392,000. Synergy Asset Management LLC owned approximately 6.14% of Invesco S&P International Developed Momentum ETF as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of IDMO. Geneos Wealth Management Inc. boosted its holdings in Invesco S&P International Developed Momentum ETF by 313.5% in the 4th quarter. Geneos Wealth Management Inc. now owns 2,481 shares of the company’s stock valued at $91,000 after purchasing an additional 1,881 shares during the period. Founders Financial Securities LLC bought a new stake in shares of Invesco S&P International Developed Momentum ETF in the first quarter valued at approximately $363,000. Southland Equity Partners LLC grew its position in Invesco S&P International Developed Momentum ETF by 16.5% during the fourth quarter. Southland Equity Partners LLC now owns 12,460 shares of the company’s stock worth $459,000 after buying an additional 1,765 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in Invesco S&P International Developed Momentum ETF by 242.0% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 20,828 shares of the company’s stock worth $767,000 after acquiring an additional 14,738 shares during the period. Finally, ORG Partners LLC acquired a new position in Invesco S&P International Developed Momentum ETF in the 4th quarter valued at $780,000.

Invesco S&P International Developed Momentum ETF Stock Up 0.5 %

Shares of NYSEARCA:IDMO traded up $0.22 during trading on Tuesday, reaching $41.46. 19,929 shares of the company traded hands, compared to its average volume of 56,827. Invesco S&P International Developed Momentum ETF has a 52 week low of $31.73 and a 52 week high of $42.26. The firm has a market capitalization of $192.79 million, a PE ratio of 14.20 and a beta of 0.84. The company’s 50 day moving average is $40.96 and its two-hundred day moving average is $39.67.

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.