Novem Group Takes $3.88 Million Position in Invesco S&P International Developed Quality ETF (NYSEARCA:IDHQ)

Novem Group bought a new position in shares of Invesco S&P International Developed Quality ETF (NYSEARCA:IDHQ) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 136,927 shares of the company’s stock, valued at approximately $3,878,000. Novem Group owned 1.46% of Invesco S&P International Developed Quality ETF at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Financial Perspectives Inc purchased a new stake in Invesco S&P International Developed Quality ETF during the fourth quarter worth about $38,000. Cullen Frost Bankers Inc. purchased a new position in Invesco S&P International Developed Quality ETF in the fourth quarter valued at about $139,000. Centerpoint Advisory Group bought a new position in shares of Invesco S&P International Developed Quality ETF during the 4th quarter valued at approximately $218,000. Flagship Harbor Advisors LLC purchased a new stake in shares of Invesco S&P International Developed Quality ETF during the 4th quarter worth approximately $228,000. Finally, Jones Financial Companies Lllp increased its stake in shares of Invesco S&P International Developed Quality ETF by 116.2% during the 4th quarter. Jones Financial Companies Lllp now owns 8,726 shares of the company’s stock worth $247,000 after purchasing an additional 4,690 shares during the last quarter.

Invesco S&P International Developed Quality ETF Trading Up 0.3%

NYSEARCA:IDHQ opened at $32.33 on Wednesday. Invesco S&P International Developed Quality ETF has a 12 month low of $26.61 and a 12 month high of $32.98. The firm’s 50 day moving average is $30.50 and its 200 day moving average is $29.96. The stock has a market capitalization of $417.06 million, a PE ratio of 19.11 and a beta of 0.92.

Invesco S&P International Developed Quality ETF Profile

The PowerShares S&P International Developed High Quality Portfolio (Fund), formerly the PowerShares Dynamic Developed International Opportunities Portfolio, is based on the S&P BMI International Developed High Quality Rankings Index (the Underlying Index). The Fund will invest at least 90% of its total assets in companies that are identified by the Index as high quality stocks based on historical records of earnings and dividends.