3-May-2024
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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 3, 2024, SPMO stock price climbed to $77.82 with 151,251 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 0.60 to the broad based SPY ETF.
SPMO has a market cap of $1.20 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 price return of +43.3% while the SPY ETF gained +27.0%. SPMO has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +7.5% and +4.0%, respectively, while the SPY returned +3.7% and +3.3%, respectively.
SPMO support price is $75.36 and resistance is $77.40 (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.