SPMO Stock Summary and Trading Ideas (Invesco S&P 500 Momentum ETF | ARCA:SPMO)

The Invesco S&P 500 Momentum ETF (Fund) is based on the S&P 500 Momentum Index (Index). The Fund generally will invest at least 90% of its total assets in common stocks that comprise the Index. The Index tracks the performance of stocks in the S&P 500 Index that have a high "momentum score". The Fund and Index are reconstituted and rebalanced twice a year on the third Fridays of March and September. Constituents are weighted by their market capitalization and their momentum score.

Invesco S&P 500 Momentum ETF trades on the ARCA stock market under the symbol SPMO.

As of April 25, 2024, SPMO stock price declined to $75.18 with 106,587 million shares trading.

SPMO has a beta of 0.93, meaning it tends to be less sensitive to market movements. SPMO has a correlation of 0.59 to the broad based SPY ETF.

SPMO has a market cap of $1.15 billion. This is considered a Small Cap stock.

In the last 3 years, SPMO stock traded as high as $81.25 and as low as $49.92.

SPMO has outperformed the market in the last year with a return of +34.4%, while the SPY ETF gained +22.7%. In the last 3 month period, SPMO beat the market returning +9.0%, while SPY returned +3.3%. However, in the most recent 2 weeks SPMO has underperformed the stock market by returning -5.1%, while SPY returned -2.8%.

SPMO support price is $75.75 and resistance is $77.69 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SPMO stock will trade within this expected range on the day.