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Invesco S&P 500 Momentum ETF SPMO is probably on the radar for investors seeking momentum. The fund just hit a 52-week high and moved up 35.9% from its 52-week low price of $76.75/share.
Are more gains in store for this ETF? Let us take a quick look at the fund and the near-term outlook on it to get a better idea of where it might be headed.
SPMO in Focus
The underlying S&P 500 Momentum Index tracks the performance of stocks in the S&P 500 Index that have a high momentum score. The product charges 13 bps in annual fees.
Why the Move?
The S&P 500 erased its 2025 losses on May 13, 2025, thanks to the U.S.-China temporary trade truce and easing inflation. This marks a dramatic reversal from just over a month ago when the index had fallen to 2025 lows. The current rally represents the fastest recovery from a 15% year-to-date drop since 1982, according to Bespoke Invest, as quoted on Yahoo Finance. Analysts are bullish on the index.
More Gains Ahead?
The ETF SPMO might continue its strong performance in the near term, with a positive weighted alpha of 28.00, which gives cues of a further rally.
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Invesco S&P 500 Momentum ETF (SPMO): ETF Research Reports
This article originally published on Zacks Investment Research (zacks.com).