Invesco S&P 500 Momentum ETF SPMO
Jump To Section
$
Relative Strength Index (RSI)
- The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It is typically used to identify overbought or oversold conditions in financial markets.
- The RSI is calculated using the following formula:
RSI = 100 - (100 / (1 + RS))
Where RS is the ratio of the average gains to the average losses over a specified period.
- The default time period used is 14 days.
- RSI values range between 0 and 100.
RSI values above 70 are considered overbought (indicating a potentially opportune time to sell)
RSI values below 30 are considered oversold (indicating a potentially opportune time to buy)
RSI is not a perfect indicator and should be used in conjunction with other technical analysis tools, this is for informational purposes only and is not a substitute for professional financial advice.
About
Invesco S&P 500 Momentum ETF (SPMO) Investment Strategy and Portfolio Holdings Overview
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 measure 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.
Key Insights
Invesco S&P 500 Momentum ETF (SPMO) Essential ETF Metrics and Performance Data
Latest Closing Price
$115.03Market Cap
$7.93 BillionAverage Daily Volume
1,369,195 Shares52-Week Range
$76.75-$107.84Total Outstanding Shares
90.56 Million SharesCurrent Dividend
$0.21 Per Share QuarterlyInception Date
October 9, 2015SIC Description
Investment AdviceHeadquarters
1331 Spring Street Nw, Atlanta, GA, 30309