PRN

Invesco Exchange-Traded Fund Trust Invesco Dorsey Wright Industrials Momentum ETF

$167.38

+0.00%

Market closed. Last update: 12:27 PM ET

📎 Investment Objective

The Invesco Dorsey Wright Industrials Momentum ETF (PRN) seeks to track the investment results of an index that is designed to provide exposure to U.S. industrial companies exhibiting positive momentum.

Overview

ETF tracking Invesco Exchange-Traded Fund Trust Invesco Dorsey Wright Industrials Momentum ETF

Category Industrials

Issuer Invesco

Inception Date 2016-12-07

Market Cap $363.2M

Average Volume N/A

Dividend Yield 0.32%

52-Week Range $122.83 - $185.61

VWAP $166.82

Performance

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Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The fund employs a 'full replication' strategy, meaning it seeks to replicate the performance of its underlying index by holding all or substantially all of the securities in the index in the same approximate proportions as the index. The index is composed of U.S. industrial companies selected based on a proprietary momentum-based methodology.

✨ Key Features

Focuses on U.S. industrial companies exhibiting positive momentum
Employs a full replication strategy to track its underlying index
Relatively low expense ratio of 0.00%
Limited performance history due to recent fund launch

⚠️ Primary Risks

Concentration risk as the fund is focused on the industrials sector
Momentum investing style can underperform in certain market environments
Potential for higher volatility compared to broader market indexes
Limited performance history makes it difficult to evaluate long-term returns

👤 Best For

This ETF may be suitable for investors seeking exposure to U.S. industrial companies with positive momentum, as part of a diversified portfolio. However, the limited performance history and sector concentration make it a higher-risk investment, so it is best suited for investors with a higher risk tolerance and a longer investment horizon.