Invesco S&P SmallCap Momentum ETF (XSMO)
Invesco S&P SmallCap 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 $89.32, up 0.61% on the session, giving a market capitalisation of $2.35B. Its beta of 1.10 implies it has historically moved more than the broad market.
The Invesco S&P SmallCap Momentum ETF (the Fund) seeks to mirror the performance of the S&P Smallcap 600 Momentum Index (the Index). To achieve this objective, the Fund pledges to invest a minimum of 90% of its total capital in the constituent securities of the Index. The Index itself comprises 120 stocks selected from the broader S&P SmallCap 600 Index. These holdings are chosen based on their superior "momentum scores," which are calculated by assessing each security's upward price movements in comparison to other eligible stocks within the S&P SmallCap 600 Index. Both the Fund and its underlying Index are adjusted and re-evaluated on a semi-annual basis.
Invesco S&P SmallCap Momentum ETF is most often compared with the following Financial Services names: