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Invesco S&P 500® Momentum ETF (SPMO) is an exchange-traded fund that seeks to track the performance of an index composed of S&P 500 stocks exhibiting momentum characteristics. The ETF is managed by Invesco Ltd. and trades under the ticker SPMO on NYSE Arca.
Classified as a U.S.-focused equity ETF with a momentum factor orientation, SPMO aims to reflect, before fees and expenses, the performance of its benchmark index.
The S&P 500 Momentum Index consists of S&P 500 constituents selected according to momentum metrics. The methodology ranks companies based on the strength of their price trends, with periodic reviews and rebalancing reflected in the ETF’s holdings.
Composition and exposure profile
SPMO provides exposure to a subset of S&P 500 companies exhibiting momentum characteristics across multiple sectors of the U.S. economy, including:
- Large-cap companies with strong price trends.
- Firms demonstrating relative strength within their sectors.
- Sector diversification aligned with the broader S&P 500 universe.
The portfolio reflects stocks displaying stronger trend intensity within the U.S. equity market.
Structure and costs
SPMO shares trade on the secondary market on NYSE Arca during regular trading hours. Creation and redemption occur through authorized participants, helping maintain alignment between market price and net asset value.
The fund charges a management fee as outlined in its prospectus and does not apply a performance fee. SPMO distributes dividends derived from its underlying holdings on a periodic basis.
History and evolution of the ETF
Invesco S&P 500® Momentum ETF was launched to provide systematic exposure to the momentum factor within the U.S. equity market. Since inception, it has been used by investors seeking quantitative factor-based strategies.
In recent years, SPMO has reflected rotations between investment styles, shifts in U.S. monetary policy, and changes in sector leadership, while maintaining its momentum-driven methodology.
Additional Information
Invesco S&P 500® Momentum ETF (United States) is an exchange-traded fund (ETF), with assets under management totaling $22.33 billion.
Over the past 12 months, Invesco S&P 500® Momentum ETF recorded a return of 26.92%, with its price trading between $107.84 and $161.66 during the same period.
The ETF is traded under the ticker SPMO.
