Sowell Financial Services LLC Makes New Investment in Invesco S&P International Developed Momentum ETF $IDMO

Sowell Financial Services LLC acquired a new stake in shares of Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 67,391 shares of the company’s stock, valued at approximately $3,638,000. Sowell Financial Services LLC owned 0.18% of Invesco S&P International Developed Momentum ETF as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. grew its holdings in Invesco S&P International Developed Momentum ETF by 181.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 683,555 shares of the company’s stock valued at $35,025,000 after purchasing an additional 440,468 shares in the last quarter. Jane Street Group LLC grew its stake in shares of Invesco S&P International Developed Momentum ETF by 3,902.6% during the second quarter. Jane Street Group LLC now owns 549,800 shares of the company’s stock valued at $28,172,000 after acquiring an additional 536,064 shares in the last quarter. Great Valley Advisor Group Inc. grew its stake in shares of Invesco S&P International Developed Momentum ETF by 2.4% during the second quarter. Great Valley Advisor Group Inc. now owns 542,290 shares of the company’s stock valued at $27,787,000 after acquiring an additional 12,759 shares in the last quarter. Equitable Holdings Inc. increased its position in shares of Invesco S&P International Developed Momentum ETF by 30.4% during the second quarter. Equitable Holdings Inc. now owns 476,065 shares of the company’s stock worth $24,394,000 after acquiring an additional 111,019 shares during the last quarter. Finally, CWM LLC lifted its stake in shares of Invesco S&P International Developed Momentum ETF by 23.5% in the third quarter. CWM LLC now owns 416,882 shares of the company’s stock worth $22,507,000 after acquiring an additional 79,410 shares in the last quarter.

Invesco S&P International Developed Momentum ETF Stock Performance

Shares of IDMO opened at $56.02 on Monday. Invesco S&P International Developed Momentum ETF has a one year low of $38.35 and a one year high of $56.91. The stock has a 50-day moving average price of $54.49 and a 200 day moving average price of $52.98. The company has a market capitalization of $2.15 billion, a P/E ratio of 18.41 and a beta of 0.80.

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.