Invesco S&P 500 Momentum ETF Declines with Broader Market Sell-Off

SPMO closed at $110.31 on 2026-03-27 (-0.93%), tracking a broader market decline as geopolitical instability weighed on momentum stocks.

• The downturn was driven by a blockade of the Strait of Hormuz and oil prices surging to $111 per barrel, causing the S&P 500 and Nasdaq to drop 1.74% and 2.38% respectively.
• The ETF continues to focus on S&P 500 momentum stocks, with its largest sector weights currently concentrated in Technology (33%) and Financials (21%).