Invesco S&P 500 Value with Momentum ETF (SPVM)
Invesco S&P 500 Value with Momentum ETF operates in the Asset Management - Global industry of the Financial Services sector, headquartered in Downers Grove, IL, US. The stock last traded at $77.90, up 0.07% on the session, giving a market capitalisation of $132.4M. Its beta of 0.69 implies it has historically moved less than the broad market.
The Invesco S&P 500 Value with Momentum ETF (the Fund) is designed to track the investment results of the S&P 500 High Momentum Value Index (the Index). The Fund aims to invest at least 90% of its total assets in the constituent securities that form this Index. This Index comprises 100 stocks selected from the broader S&P 500 Index. These selections are made using an established methodology that identifies companies with the highest "value scores" and "momentum scores." Once chosen, the individual holdings within the Index are weighted based on their value scores, with companies exhibiting stronger value characteristics receiving a greater proportion of the Index's total weight. Both the Fund and its underlying Index are adjusted and re-evaluated twice a year. Specifically, a company's "value score" is derived from its book-to-price ratio, while its "momentum score" is based on its cumulative return over the past 20 trading days.
Invesco S&P 500 Value with Momentum ETF is most often compared with the following Financial Services names: