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

Westmount Partners LLC acquired a new stake in Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 40,000 shares of the company’s stock, valued at approximately $2,412,000. Westmount Partners LLC owned approximately 0.06% of Invesco S&P International Developed Momentum ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Welch Financial Planning LLC bought a new position in Invesco S&P International Developed Momentum ETF during the fourth quarter worth about $4,858,000. Triad Wealth Partners LLC acquired a new position in shares of Invesco S&P International Developed Momentum ETF during the 4th quarter worth approximately $498,000. Foresight Capital Management Advisors Inc. increased its holdings in shares of Invesco S&P International Developed Momentum ETF by 112.5% during the fourth quarter. Foresight Capital Management Advisors Inc. now owns 99,107 shares of the company’s stock worth $5,507,000 after purchasing an additional 52,469 shares during the period. Pearl Planning LLC bought a new position in shares of Invesco S&P International Developed Momentum ETF during the fourth quarter worth approximately $885,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of Invesco S&P International Developed Momentum ETF by 25.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,973,250 shares of the company’s stock valued at $109,654,000 after buying an additional 398,485 shares in the last quarter.

Invesco S&P International Developed Momentum ETF Trading Down 0.3%

Shares of IDMO stock opened at $62.05 on Friday. The stock has a market cap of $4.19 billion, a P/E ratio of 18.41 and a beta of 0.80. The stock has a 50 day simple moving average of $59.97 and a 200 day simple moving average of $58.75. 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 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.