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PRN - AI Analysis
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Invesco DWA Industrials Momentum ETF (PRN)
Rating:70Neutral
Price Target:
$196.00
Positive Factors
Strong Year-to-Date Performance
The ETF has delivered solid gains year-to-date, reflecting strong momentum in its holdings.
Focused Sector Exposure
The ETF’s heavy allocation to industrials aligns with a sector that has shown resilience and growth potential.
Healthy Top Holdings
Several top holdings, such as Rocket Lab USA and Bloom Energy, have posted strong year-to-date performance, supporting the fund’s overall returns.
Negative Factors
High Sector Concentration
Over 90% of the ETF is invested in industrials, which increases vulnerability to sector-specific downturns.
Limited Geographic Diversification
The ETF is almost entirely focused on U.S. companies, offering little exposure to international markets.
Above-Average Expense Ratio
The ETF’s expense ratio is higher than many similar funds, which could reduce long-term returns for investors.
PRN vs. SPDR S&P 500 ETF (SPY)
AUM396.66M
RegionNorth America
Expense Ratio0.60%
Beta1.32
IssuerInvesco
Inception DateOct 12, 2006
Dividend Yield0.3%
Asset ClassEquity
Index TrackedDorsey Wright Industrials Tech Leaders TR
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume10,018
30 Day Avg. Volume8,234
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
192.30Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering44
PRN Summary
The Invesco DWA Industrials Momentum ETF (PRN) focuses on industrial companies in the U.S. that show strong performance and growth potential. It follows the Dorsey Wright Industrials Technical Leaders Index, which picks companies based on their momentum and relative strength. Some of its top holdings include well-known names like Rocket Lab USA and Trane Technologies. Investors might consider PRN for targeted exposure to the industrial sector and the opportunity to benefit from companies on an upward trend. However, it’s important to note that this ETF is heavily tied to the industrial sector, meaning its performance can be impacted by economic cycles and changes in demand for industrial goods.
How much will it cost me?The Invesco DWA Industrials Momentum ETF (PRN) has an expense ratio of 0.6%, meaning you’ll pay $6 per year for every $1,000 invested. This is higher than average for ETFs because it is actively managed and focuses on a niche strategy targeting industrial companies with strong momentum. Actively managed funds often have higher costs due to the research and selection involved.
What would affect this ETF?The Invesco DWA Industrials Momentum ETF (PRN) could benefit from increased infrastructure spending and technological advancements in the industrial sector, which may drive growth for its top holdings like Rocket Lab USA and Comfort Systems. However, rising interest rates or economic slowdowns could negatively impact industrial companies' profitability and momentum, especially given the ETF's heavy exposure to U.S.-based firms. Regulatory changes or shifts in government policies affecting the industrial sector could also influence the ETF's performance.
PRN Top 10 Holdings
The Invesco DWA Industrials Momentum ETF is riding the wave of industrial innovation, with names like Rocket Lab and Bloom Energy leading the charge thanks to their rising momentum and strategic growth initiatives. Comfort Systems and Kratos Defense are steady contributors, though valuation concerns temper their shine. On the flip side, Trane Technologies and HEICO are lagging slightly, with mixed technical signals and overvaluation weighing on their performance. With a heavy concentration in U.S. industrials, this fund is laser-focused on capturing the sector’s cyclical growth, though its reliance on a few high-flyers adds a layer of risk.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Rocket Lab USA | 4.99% | $19.74M | $29.48B | 469.34% | 55 Neutral | |
| Comfort Systems | 4.85% | $19.20M | $33.98B | 146.34% | 80 Outperform | |
| Bloom Energy | 4.48% | $17.71M | $30.24B | 1231.77% | 67 Neutral | |
| Kratos Defense | 3.73% | $14.73M | $14.90B | 288.64% | 64 Neutral | |
| Trane Technologies | 3.70% | $14.62M | $99.32B | 20.59% | 78 Outperform | |
| Quanta Services | 3.44% | $13.62M | $66.86B | 50.46% | 77 Outperform | |
| Howmet Aerospace | 3.22% | $12.75M | $81.34B | 102.34% | 79 Outperform | |
| EMCOR Group | 3.13% | $12.40M | $29.01B | 45.27% | 74 Outperform | |
| Parker Hannifin | 3.11% | $12.29M | $97.99B | 22.12% | 75 Outperform | |
| Axon Enterprise | 3.09% | $12.23M | $58.01B | 74.47% | 67 Neutral |
PRN Technical Analysis
Positive
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Price Trends
171.99
Positive
165.32
Positive
155.27
Positive
Market Momentum
2.94
Negative
58.45
Neutral
75.03
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For PRN, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 178.57, equal to the 50-day MA of 171.99, and equal to the 200-day MA of 155.27, indicating a bullish trend. The MACD of 2.94 indicates Negative momentum. The RSI at 58.45 is Neutral, neither overbought nor oversold. The STOCH value of 75.03 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for PRN.
PRN Peer Comparison
Comparison Results
Performance Comparison
PRN
Invesco DWA Industrials Momentum ETF
183.28
27.97
18.01%
RSPN
Invesco S&P 500 Equal Weight Industrials ETF
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IYT
iShares US Transportation ETF
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PKB
Invesco Dynamic Building & Construction ETF
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RSHO
Tema American Reshoring ETF
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PSCI
Invesco S&P SmallCap Industrials ETF
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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