Invesco S&P 500 Momentum ETF
SPMO

$90.59

2.54%

Market Cap: $2.35B

0

Funds holding %

of 6,710 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

323% more first-time investments, than exits

New positions opened: 55 | Existing positions closed: 13

323% more repeat investments, than reductions

Existing positions increased: 93 | Existing positions reduced: 22

51% more capital invested

Capital invested by funds: $935M [Q1] → $1.41B (+$473M) [Q2]

30% more funds holding

Funds holding: 138 [Q1] → 180 (+42) [Q2]

17% more funds holding in top 10

Funds holding in top 10: 6 [Q1] → 7 (+1) [Q2]

3.41% less ownership

Funds ownership: 77.49% [Q1] → 74.08% (-3.41%) [Q2]

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Research analyst outlook

We haven’t received any recent analyst ratings for SPMO.

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Financial journalist opinion

Based on 5 articles about SPMO published over the past 30 days

SPMO: A Sound Choice For Buy-And-Hold Strategy

I transitioned from individual stocks to ETFs due to time constraints and emotional capacity, focusing on asset allocation and risk management. I chose the Invesco S&P 500 Momentum ETF for its strong performance metrics, including a high Sharpe Ratio and Sortino Ratio. SPMO's top holdings include NVIDIA, Apple, and Microsoft, with a historical beta of 0.93, indicating manageable volatility.

SPMO: A Sound Choice For Buy-And-Hold Strategy

SPMO: A Mixed Bag For Momentum Seekers (But Still A Decent S&P 500 Play)

The Invesco S&P 500 Momentum ETF offers a reasonable 0.14% expense ratio and has outperformed the S&P 500 over the past decade. The ETF tracks the S&P 500 Momentum Index, rebalancing semi-annually, which reduces trading costs but dilutes the momentum factor. Infrequent rebalancing introduces timing luck, affecting momentum capture and making it easier for traders to front-run the ETF.

SPMO: A Mixed Bag For Momentum Seekers (But Still A Decent S&P 500 Play)

Top 5 ETFs for Every Investor: From Semiconductors to Defense

Exchange-traded funds (ETFs) have the potential to be an excellent choice both for amateur investors eager to diversify a portfolio but without the experience or time to deal with the regular management of a large number of positions as well as seasoned investors trading actively to capitalize on advanced leveraged strategies. It's no wonder that these easy-to-use investment vehicles have ballooned in popularity in recent years.

Top 5 ETFs for Every Investor: From Semiconductors to Defense

SPMO ETF is a good VOO, and SPY alternative with a catch

Exchange-traded funds (ETFs) are having a strong performance this year, with most of them having robust inflows. Some of the most notable ones in terms of inflows are the Vanguard S&P 500 (VOO) and the iShares S&P 500 (SPY) ETFs.

SPMO ETF is a good VOO, and SPY alternative with a catch

This Momentum ETF Has New Friends

Finally, someone believes the trend in the S&P 500 is their friend. In mid-August, the Invesco S&P 500 Momentum ETF (SPMO) had its 2024 net inflows nearly double.

This Momentum ETF Has New Friends

These 4 ETFs Won the Market Sell-Off Monday

Monday's market sell-off caused investors significant pain, though it seems the market has recovered. The sell-off hit all types of investors and strategies given how much tech in particular lost ground.

These 4 ETFs Won the Market Sell-Off Monday

The Top 3 ETFs to Buy Now: Summer 2024

ETFs are great investment vehicles for long-term growth. It provides investors with a simple way of taking advantage of what the stock market offers without all the downside of investing heavily in individual stocks that could cause significant losses.

The Top 3 ETFs to Buy Now: Summer 2024

SPMO: Momentum Style Is Losing Momentum As Rotation Grows

Momentum factor funds have performed very well YoY, with SPMO rising twice as fast as the S&P 500 due to its exposure to the "AI trade." As Nvidia, Apple, Microsoft, and others dominate SPMO, it is more exposed to the risk of a burst of the retail-driven "AI bubble." Low individual investor cash allocations may be a solid bearish indication for stocks that are more popular among individual investors.

SPMO: Momentum Style Is Losing Momentum As Rotation Grows

SPMO: Hope You Love Tech

Invesco S&P 500 Momentum ETF focuses on high-momentum stocks in the S&P 500, rebalancing twice a year for a performance boost. The fund holds 101 positions, with Nvidia as the largest holding at 13.17%, heavily concentrated in the Information Technology sector. Momentum investing can lead to strong returns but also carries the risk of sharp reversals and sector-specific downturns, making it a potentially volatile investment option.

SPMO: Hope You Love Tech

Zacks Investment Research

Top and Flop ETFs of the First Half

We have highlighted three ETFs each from the best and worst-performing zones in the first half of 2024.

Top and Flop ETFs of the First Half

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