Westmount Partners LLC Purchases New Stake in Invesco S&P International Developed Momentum ETF $IDMO

Westmount Partners LLC acquired a new position in shares of Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 40,000 shares of the company’s stock, valued at approximately $2,412,000.

A number of other large investors have also recently bought and sold shares of IDMO. Northwestern Mutual Wealth Management Co. increased its holdings in Invesco S&P International Developed Momentum ETF by 130.4% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 1,574,765 shares of the company’s stock valued at $85,022,000 after buying an additional 891,210 shares during the period. SHP Wealth Management bought a new stake in shares of Invesco S&P International Developed Momentum ETF during the 4th quarter worth approximately $47,926,000. Great Valley Advisor Group Inc. lifted its holdings in shares of Invesco S&P International Developed Momentum ETF by 135.6% during the 4th quarter. Great Valley Advisor Group Inc. now owns 1,312,503 shares of the company’s stock worth $72,936,000 after acquiring an additional 755,465 shares during the period. LPL Financial LLC boosted its position in shares of Invesco S&P International Developed Momentum ETF by 17.5% during the 4th quarter. LPL Financial LLC now owns 4,549,563 shares of the company’s stock worth $252,819,000 after acquiring an additional 677,990 shares in the last quarter. Finally, Jane Street Group LLC boosted its position in shares of Invesco S&P International Developed Momentum ETF by 3,902.6% during the 2nd quarter. Jane Street Group LLC now owns 549,800 shares of the company’s stock worth $28,172,000 after acquiring an additional 536,064 shares in the last quarter.

Invesco S&P International Developed Momentum ETF Price Performance

Shares of NYSEARCA:IDMO opened at $62.05 on Friday. The company’s 50 day simple moving average is $59.97 and its 200 day simple moving average is $58.75. The stock has a market capitalization of $4.19 billion, a price-to-earnings ratio of 18.41 and a beta of 0.80. Invesco S&P International Developed Momentum ETF has a 1 year low of $51.88 and a 1 year high of $62.54.

Invesco S&P International Developed Momentum ETF Company 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. IDMO was launched on Feb 24, 2012 and is managed by Invesco.