Invesco S&P 500 Momentum ETF Sees Significant Inflow This Week
Looking at the latest changes in week-over-week shares outstanding among ETFs, the Invesco S&P 500 Momentum ETF (Symbol: SPMO) stands out with an inflow of approximately $211.0 million. This marks a substantial 4.1% increase in outstanding units, rising from 56,010,000 to 58,290,000. Among SPMO’s largest underlying holdings, Broadcom Inc (Symbol: AVGO) has decreased by about 2.1%, while Tesla Inc (Symbol: TSLA) and Costco Wholesale Corp (Symbol: COST) gained approximately 2.6% and 0.6%, respectively. For a complete list of holdings, visit the SPMO Holdings page »
The chart below displays the one-year price performance of SPMO in relation to its 200-day moving average:
Reviewing the chart, SPMO’s 52-week range shows a low point of $74.40 per share, with a high of $103.4444. As of the latest trade, SPMO is priced at $91.85. Analyzing the current share price against the 200-day moving average can serve as an informative technical analysis technique—learn more about the 200-day moving average ».
Free report: Top 8%+ Dividends (paid monthly)
Exchange-traded funds (ETFs) function similarly to stocks, where investors buy and sell “units” instead of “shares.” These units can be traded back and forth, and they can also be created or destroyed to meet investor demand. Each week, we monitor the changes in shares outstanding to identify ETFs with notable inflows (indicating many newly created units) or outflows (indicating many units destroyed). The creation of new units requires purchasing the underlying holdings of the ETF, while the destruction of units involves selling off these holdings. Thus, large inflows or outflows can also influence the individual components within ETFs.
Click here to find out which 9 other ETFs had notable inflows »
also see:
- ATAK YTD Return
- JKL Market Cap History
- PPG DMA
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
