Invesco S&P International Developed Momentum ETF $IDMO Shares Sold by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. reduced its holdings in shares of Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) by 64.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 558,599 shares of the company’s stock after selling 1,016,166 shares during the period. Northwestern Mutual Wealth Management Co. owned approximately 1.10% of Invesco S&P International Developed Momentum ETF worth $31,041,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the stock. Triumph Capital Management purchased a new position in Invesco S&P International Developed Momentum ETF in the 3rd quarter worth $25,000. Bessemer Group Inc. purchased a new position in Invesco S&P International Developed Momentum ETF in the 3rd quarter worth $29,000. WPG Advisers LLC purchased a new position in Invesco S&P International Developed Momentum ETF in the 3rd quarter worth $55,000. JPMorgan Chase & Co. increased its holdings in shares of Invesco S&P International Developed Momentum ETF by 756.0% in the third quarter. JPMorgan Chase & Co. now owns 1,284 shares of the company’s stock valued at $69,000 after purchasing an additional 1,134 shares during the period. Finally, TD Waterhouse Canada Inc. acquired a new position in shares of Invesco S&P International Developed Momentum ETF in the third quarter valued at about $71,000.

Invesco S&P International Developed Momentum ETF Stock Performance

Shares of IDMO stock opened at $59.17 on Tuesday. The stock’s 50-day simple moving average is $57.52 and its 200-day simple moving average is $56.79. The firm has a market capitalization of $3.57 billion, a PE ratio of 18.41 and a beta of 0.81. Invesco S&P International Developed Momentum ETF has a fifty-two week low of $48.60 and a fifty-two week high of $61.17.

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. IDMO was launched on Feb 24, 2012 and is managed by Invesco.