Positive: Momentum ETF SPMO hits 52-week high, gaining momentum with potential for further rally.

From Zacks Investment Research: 2025-01-20 08:08:21

The S&P 500 Momentum Invesco ETF (SPMO) is gaining momentum, hitting a 52-week high and rising 48.5% from its low of $66.52/share. The fund tracks high momentum stocks in the S&P 500 Index and charges 13 bps in annual fees. Wall Street saw gains last week due to a Gaza truce and strong bank earnings, leading to hopes for a dovish Fed. SPMO may continue its strong performance with a positive weighted alpha of 40.51, indicating a potential further rally ahead.



Read more at Zacks Investment Research: Momentum ETF (SPMO) Hits New 52-Week High – January 20, 2025