Invesco S&P 500 Momentum ETF holds amid higher volatility and shifts to riskier AI stocks post-rebalance.

The Invesco S&P 500 Momentum ETF (SPMO) remains a hold despite increased volatility and sharper pullbacks following its September rebalance. The fund shifted exposure from established tech giants like Nvidia and Broadcom to higher-beta AI infrastructure stocks such as Micron and AMD, raising its risk profile. Momentum advantage has diminished, with SPMO now tracking the S&P 500 returns but experiencing wider swings, especially after rallies and in choppy markets. It is best viewed as a trading vehicle in flat markets, with meaningful buying opportunities likely requiring broader market sell-offs or renewed bullishness on AI.

SPMO trades at USD 141.08, down 1.45% as of Oct 22, 2026 16:41 WIB on Pluang. Nvidia and Broadcom, recently reduced in SPMO, fell 2.44% and 2.95% respectively. Meanwhile, Micron and AMD, added in the rebalance, dropped 3.59% and 4.47%, showing higher volatility in these AI-related stocks.