Lunt Capital Management Inc. Takes $904,000 Position in Invesco S&P International Developed Momentum ETF $IDMO

Lunt Capital Management Inc. acquired a new position in Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 15,000 shares of the company’s stock, valued at approximately $904,000.

A number of other hedge funds have also recently made changes to their positions in IDMO. Triumph Capital Management acquired a new stake in Invesco S&P International Developed Momentum ETF in the 3rd quarter valued at approximately $25,000. Harbor Asset Planning Inc. acquired a new stake in shares of Invesco S&P International Developed Momentum ETF in the first quarter valued at $41,000. Bessemer Group Inc. grew its stake in shares of Invesco S&P International Developed Momentum ETF by 90.6% in the first quarter. Bessemer Group Inc. now owns 1,010 shares of the company’s stock valued at $55,000 after buying an additional 480 shares in the last quarter. Clarity Asset Management Inc. purchased a new stake in shares of Invesco S&P International Developed Momentum ETF in the 4th quarter valued at $62,000. Finally, Creative Financial Designs Inc. ADV raised its holdings in shares of Invesco S&P International Developed Momentum ETF by 45.5% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 1,154 shares of the company’s stock valued at $64,000 after buying an additional 361 shares during the period.

Invesco S&P International Developed Momentum ETF Trading Down 0.6%

IDMO opened at $62.97 on Thursday. The stock’s 50-day moving average price is $61.41 and its 200 day moving average price is $59.53. Invesco S&P International Developed Momentum ETF has a 12-month low of $52.14 and a 12-month high of $63.88. The firm has a market cap of $4.25 billion, a price-to-earnings ratio of 18.41 and a beta of 0.79.

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.