Arbor Capital Management Inc. ADV Makes New Investment in Invesco S&P International Developed Momentum ETF $IDMO

Arbor Capital Management Inc. ADV bought a new position in shares of Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 14,656 shares of the company’s stock, valued at approximately $827,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. grew its stake in shares of Invesco S&P International Developed Momentum ETF by 130.4% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 1,574,765 shares of the company’s stock worth $85,022,000 after purchasing an additional 891,210 shares during the last quarter. Equitable Holdings Inc. grew its stake in shares of Invesco S&P International Developed Momentum ETF by 18.2% in the third quarter. Equitable Holdings Inc. now owns 562,832 shares of the company’s stock worth $30,387,000 after purchasing an additional 86,767 shares during the last quarter. Jane Street Group LLC grew its stake in shares of Invesco S&P International Developed Momentum ETF by 3,902.6% in the second quarter. Jane Street Group LLC now owns 549,800 shares of the company’s stock worth $28,172,000 after purchasing an additional 536,064 shares during the last quarter. Adamsbrown Wealth Consultants LLC grew its stake in shares of Invesco S&P International Developed Momentum ETF by 12.6% in the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 548,779 shares of the company’s stock worth $30,496,000 after purchasing an additional 61,555 shares during the last quarter. Finally, Citadel Advisors LLC grew its stake in shares of Invesco S&P International Developed Momentum ETF by 1,594.2% in the third quarter. Citadel Advisors LLC now owns 544,519 shares of the company’s stock worth $29,399,000 after purchasing an additional 512,378 shares during the last quarter.

Invesco S&P International Developed Momentum ETF Stock Up 0.7%

Shares of Invesco S&P International Developed Momentum ETF stock opened at $58.58 on Thursday. Invesco S&P International Developed Momentum ETF has a twelve month low of $45.40 and a twelve month high of $60.65. The stock has a market cap of $3.52 billion, a price-to-earnings ratio of 18.41 and a beta of 0.81. The company’s fifty day moving average is $57.36 and its 200 day moving average is $56.09.

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.