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

Northwestern Mutual Wealth Management Co. trimmed its stake in shares of Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) by 64.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 558,599 shares of the company’s stock after selling 1,016,166 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Invesco S&P International Developed Momentum ETF were worth $31,041,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IDMO. Capstone Wealth Management Group LLC acquired a new stake in Invesco S&P International Developed Momentum ETF during the first quarter worth about $1,171,000. Creative Planning acquired a new stake in Invesco S&P International Developed Momentum ETF during the second quarter worth about $269,000. CW Advisors LLC acquired a new stake in Invesco S&P International Developed Momentum ETF during the second quarter worth about $226,000. Raymond James Financial Inc. grew its holdings in Invesco S&P International Developed Momentum ETF by 65.9% during the second quarter. Raymond James Financial Inc. now owns 224,078 shares of the company’s stock worth $11,482,000 after acquiring an additional 88,971 shares during the period. Finally, Ausdal Financial Partners Inc. acquired a new stake in Invesco S&P International Developed Momentum ETF during the second quarter worth about $366,000.

Invesco S&P International Developed Momentum ETF Stock Up 0.4%

Invesco S&P International Developed Momentum ETF stock opened at $59.17 on Tuesday. The firm has a market cap of $3.57 billion, a price-to-earnings ratio of 18.41 and a beta of 0.81. Invesco S&P International Developed Momentum ETF has a 52 week low of $48.60 and a 52 week high of $61.17. The business’s 50-day moving average price is $57.52 and its 200 day moving average price is $56.79.

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.