24-May-2024
No headlines found.
No press releases found.
No news found.
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 May 24, 2024, SPMO stock price climbed to $82.32 with 143,772 million shares trading.
SPMO has a beta of 0.92, 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 $1.35 billion. This is considered a Small Cap stock.
In the last 3 years, SPMO stock traded as high as $82.46 and as low as $49.92.
SPMO has outperformed the market in the last year with a price return of +53.2% while the SPY ETF gained +30.4%. SPMO has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +7.7% and +3.5%, respectively, while the SPY returned +4.6% and +1.7%, respectively.
SPMO support price is $80.66 and resistance is $82.30 (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.