Key stats
About Invesco S&P 500 Momentum ETF
Home page
Inception date
Oct 9, 2015
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Invesco Capital Management LLC
Distributor
Invesco Distributors, Inc.
ISIN
US46138E3392
SPMO holds 100 securities from the S&P 500 that have the highest momentum scores. The momentum score is based on 12-month price change (excluding the most recent month), scaled by volatility (standard deviation of daily returns). Adjusting for volatility in this manner tilts the fund toward stocks that have experienced a relatively smooth increase in price. Selected securities are weighted by their momentum score, scaled by their market capitalization. This methodology can produce significant biases relative to the marketmajor sector tilts are to be expected, and the fund has historically exhibited higher volatility relative to vanilla funds in the same segment. The index is reconstituted and rebalanced semi-annually.
Related funds
Classification
What's in the fund
Exposure type
Electronic Technology
Technology Services
Finance
Stock breakdown by region
Top 10 holdings
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
SPMO assets under management is 13.17 B USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
SPMO invests in stocks. See more details in our Analysis section.
SPMO expense ratio is 0.13%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, SPMO isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
Yes, SPMO pays dividends to its holders with the dividend yield of 0.65%.
SPMO shares are issued by Invesco Ltd.
SPMO follows the S&P 500 Momentum Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Oct 9, 2015.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.