Lunt Capital Management Inc. Cuts Holdings in Invesco S&P International Developed Momentum ETF $IDMO

Lunt Capital Management Inc. reduced its holdings in Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) by 75.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 7,393 shares of the company’s stock after selling 23,015 shares during the quarter. Lunt Capital Management Inc.’s holdings in Invesco S&P International Developed Momentum ETF were worth $399,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Creative Financial Designs Inc. ADV purchased a new position in Invesco S&P International Developed Momentum ETF in the second quarter worth $25,000. Bessemer Group Inc. purchased a new position in shares of Invesco S&P International Developed Momentum ETF in the 3rd quarter valued at about $29,000. WPG Advisers LLC acquired a new stake in shares of Invesco S&P International Developed Momentum ETF in the third quarter valued at about $55,000. JPMorgan Chase & Co. lifted its stake 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. purchased a new stake in Invesco S&P International Developed Momentum ETF during the third quarter worth about $71,000.

Invesco S&P International Developed Momentum ETF Trading Up 1.7%

Shares of IDMO opened at $58.27 on Thursday. The firm’s 50-day moving average is $57.85 and its two-hundred day moving average is $55.28. Invesco S&P International Developed Momentum ETF has a twelve month low of $38.35 and a twelve month high of $60.44. The firm has a market capitalization of $2.95 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.