Invesco S&P 500 Momentum ETF vs T Rowe Price Group Inc — how do they compare? Invesco S&P 500 Momentum ETF trades at $150, while T Rowe Price Group Inc trades at $115.59 (market cap $25.14B). The key difference: T Rowe Price Group Inc pays a 4.43% dividend while Invesco S&P 500 Momentum ETF pays none. Which is the better fit depends on your goals.
| SPMO | TROW | |
|---|---|---|
Sector | Broad Market / Factor | Financials |
52-Week High | $161.66 | $120.16 |
52-Week Low | $107.84 | $86.19 |
Market Cap | — | $25.14B |
Enterprise Value | — | $21.85B |
Dividend Yield | — | 4.43% |
Trailing returns across standard periods
SPMO is designed to track the investment results of the S&P 500 Momentum Index. This index measures the performance of stocks in the S&P 500 that exhibit the highest momentum, or the greatest price appreciation, over the trailing 12 months, while excluding the most recent month. By investing in these high-momentum stocks, SPMO seeks to capitalize on the historical trend that stocks with strong recent performance tend to continue that performance in the near term, offering a systematic approach to factor investing within the large-cap U.S. equity market.
Read more on SPMO →T. Rowe Price provides asset-management services for individual and institutional investors. It offers a broad range of no-load U.S. and international stock, hybrid, bond, and money market funds. At the end of August 2022, the firm had $1.339 trillion in managed assets, composed of equity (54%), balanced (30%), fixed-income (13%), and alternatives (3%) offerings. Approximately two thirds of the company's managed assets are held in retirement-based accounts, which provides T. Rowe Price with a somewhat stickier client base than most of its peers. The firm also manages private accounts, provides retirement planning advice, and offers discount brokerage and trust services. The company is primarily a U.S.-based asset manager, deriving just under 10% of its AUM from overseas.
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