Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) Announces Quarterly Dividend of $1.04

Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) declared a quarterly dividend on Tuesday, January 14th. Investors of record on Monday, December 22nd will be given a dividend of 1.04 per share on Friday, December 26th. This represents a c) dividend on an annualized basis and a yield of 7.3%. The ex-dividend date of this dividend is Monday, December 22nd. This is a 499.5% increase from Invesco S&P International Developed Momentum ETF’s previous quarterly dividend of $0.17.

Invesco S&P International Developed Momentum ETF Price Performance

Shares of IDMO opened at $56.72 on Friday. The company has a market capitalization of $2.18 billion, a PE ratio of 18.41 and a beta of 0.80. Invesco S&P International Developed Momentum ETF has a one year low of $38.35 and a one year high of $56.91. The company’s fifty day moving average price is $54.21 and its 200 day moving average price is $52.76.

Institutional Trading of Invesco S&P International Developed Momentum ETF

Several hedge funds have recently added to or reduced their stakes in IDMO. Creative Financial Designs Inc. ADV acquired a new position in shares of Invesco S&P International Developed Momentum ETF during the second quarter worth approximately $25,000. Triumph Capital Management bought a new position in Invesco S&P International Developed Momentum ETF during the third quarter worth $25,000. Bessemer Group Inc. bought a new position in Invesco S&P International Developed Momentum ETF during the third quarter worth $29,000. WPG Advisers LLC acquired a new position in Invesco S&P International Developed Momentum ETF during the 3rd quarter valued at $55,000. Finally, Private Trust Co. NA boosted its holdings in Invesco S&P International Developed Momentum ETF by 99.8% in the 2nd quarter. Private Trust Co. NA now owns 1,107 shares of the company’s stock valued at $57,000 after purchasing an additional 553 shares during the period.

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.