28-Mar-2024
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The Invesco S&P 500 Value with Momentum ETF (Fund) is based on the S&P 500 High Momentum Value Index (Index). The Fund will invest at least 90% of its total assets in the component securities that comprise the Index. The Index is comprised of 100 securities in the S&P 500 Index having the highest value scores and momentum scores, calculated pursuant to the index methodology. Underlying Index constituents are weighted by their value scores; securities with higher value scores receive relatively greater weights.
Invesco S&P 500 Value With Momentum ETF trades on the BATS stock market under the symbol SPVM.
As of March 28, 2024, SPVM stock price climbed to $56.39 with 741 million shares trading.
SPVM has a market cap of $40.04 million. This is considered a Sub-Micro Cap stock.
In the last 3 years, SPVM stock traded as high as $56.39 and as low as $44.22.
SPVM stock has underperformed the market in the last year with a return of +25.3%, while SPY returned +33.6%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in SPVM shares. However, SPVM has outperformed the market in the last 3 month and 2 week periods, returning +11.5% and +4.2%, while SPY returned +10.1% and +1.7%, respectively. This indicates SPVM has been having a stronger performance recently.
SPVM support price is $55.56 and resistance is $56.25 (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 SPVM stock will trade within this expected range on the day.