SPMO - Invesco S&P 500 Momentum ETF
| Assets | $89.08M |
| NAV | $57.10 |
| Expense Ratio | 0.13% |
| PE Ratio | 48.69 |
| Beta (5Y) | 0.88 |
| Dividend (ttm) | $0.57 |
| Dividend Yield | 1.01% |
| Ex-Dividend Date | Mar 22, 2021 |
| 1-Year Return | - |
| Trading Day | April 16 |
| Last Price | $57.13 |
| Previous Close | $57.12 |
| Change ($) | 0.01 |
| Change (%) | 0.02% |
| Day's Open | 57.49 |
| Day's Range | 56.84 - 57.49 |
| Day's Volume | 22,805 |
| 52-Week Range | 37.64 - 57.61 |
Fund Description
The investment seeks to track the investment results (before fees and expenses) of the S&P 500 Momentum Index (the underlying index). The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. The underlying index is designed to track the performance of approximately 100 stocks in the S&P 500® Index that have the highest momentum score. In general, momentum is the tendency of an investment to exhibit persistence in its relative performance; a momentum style of investing emphasizes investing in securities that have had better recent performance compared to other securities. It is non-diversified.
| Asset Class Portfolio-Multi Asset | Sector Large Cap |
| Region North America | Inception Date Oct 9, 2015 |
| Exchange NYSEARCA | Ticker Symbol SPMO |
| Index Tracked S&P 500 Momentum Index | |
Top 10 Holdings
55.74% of assets| Name | Symbol | Weight |
|---|---|---|
| Microsoft | MSFT | 9.33% |
| Apple | AAPL | 9.20% |
| Amazon | AMZN | 9.13% |
| Tesla | TSLA | 9.10% |
| NVIDIA | NVDA | 5.86% |
| PayPal | PYPL | 4.57% |
| Thermo Fisher Scientific | TMO | 2.44% |
| Netflix | NFLX | 2.18% |
| Abbott Laboratories | ABT | 1.99% |
| Qualcomm | QCOM | 1.95% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Mar 22, 2021 | $0.076 | Mar 31, 2021 |
| Dec 21, 2020 | $0.165 | Dec 31, 2020 |
| Sep 21, 2020 | $0.168 | Sep 30, 2020 |
| Jun 22, 2020 | $0.165 | Jun 30, 2020 |
| Mar 23, 2020 | $0.171 | Mar 31, 2020 |
| Dec 23, 2019 | $0.186 | Dec 31, 2019 |
Momentum can be hard to stop when it gets going. Right now, momentum is favoring ETF flows into equities.
As broader benchmarks surged Tuesday, it wasn't surprising to see exchange traded funds dedicated to the momentum factor among the ETFs hitting all-time highs.
In what will be a brisk week of earnings reports from the always widely watched technology sector, the largest sector weight in the S&P 500, Microsoft (NASDAQ: MSFT) is one of the names stepping into th...
Momentum stocks and the related ETFs have recently been under scrutiny as concerns about the integrity of the bull market have emerged and some investors have rotated away from growth stocks into value ...