2024-07-14 20:00:00 ET
Summary
- 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.
Momentum investing refers to a strategy built around the fact that both individual stocks and whole funds tend to keep on performing when they’ve already been performing. Momentum is well documented and works. So if it works, why not lean into it by only focusing on stocks that have momentum and getting rid of those that don’t? Well - that’s what the Invesco S&P 500 Momentum ETF ( SPMO ) does. The fund tracks the S&P 500 Momentum Index, which invests in the 100 highest-momentum stocks in the S&P 500. Its portfolio rebalances twice a year....
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For further details see:
SPMO: Hope You Love Tech