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PRN - ETF AI Analysis
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Invesco DWA Industrials Momentum ETF (PRN)
Rating:71Outperform
Price Target:―
Positive Factors
Strong Recent Performance
The ETF has shown strong gains over the year so far and in recent months, indicating solid momentum.
Leading Holdings Performing Well
Several of the largest positions, including Comfort Systems, Planet Labs, and Curtiss-Wright, have delivered strong year-to-date gains that support the fund’s overall results.
Focused Industrial Exposure
The fund’s heavy tilt toward industrials gives investors targeted exposure to a sector that has been participating well in the recent market strength.
Negative Factors
High Sector Concentration
With most assets in industrials and limited exposure to other sectors, the ETF is vulnerable if the industrial sector weakens.
Limited Geographic Diversification
The portfolio is almost entirely invested in U.S. companies, offering little diversification across global markets.
Above-Average Expense Ratio
The fund’s expense ratio is relatively high for an ETF, which can modestly reduce investors’ net returns over time.
PRN vs. SPDR S&P 500 ETF (SPY)
AUM345.34M
RegionNorth America
Expense Ratio0.60%
Beta1.28
IssuerInvesco
Inception DateOct 12, 2006
Dividend Yield0.26%
Asset ClassEquity
Index TrackedDorsey Wright Industrials Tech Leaders TR
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume23,717
30 Day Avg. Volume20,542
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
214.98Price Target Upside― Downside
Rating ConsensusStrong Buy
Number of Analyst Covering50
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
PRN Summary
The Invesco DWA Industrials Momentum ETF (PRN) tracks the Dorsey Wright Industrials Technical Leaders Index, focusing on U.S. industrial companies showing strong recent performance. It mainly holds industrial and some technology names, including well-known companies like Caterpillar and GE Aerospace. Investors might consider PRN if they want targeted exposure to industrial stocks with the potential for growth as the economy expands and infrastructure and manufacturing demand increase. However, this ETF is concentrated in one sector and in momentum stocks, so its price can swing more than the overall market and may fall sharply if industrials lose favor.
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
PRN is leaning hard into U.S. industrial momentum, with a clear tilt toward infrastructure, aerospace, and niche tech. Comfort Systems and Quanta Services are steady engines, helped by strong backlogs and infrastructure demand, while Jabil and Cummins add a rising manufacturing and equipment angle. The real rocket here is Planet Labs, whose surging share price gives the fund a high-octane, tech-flavored boost, though its profitability is still a work in progress. GE Aerospace has been more mixed lately, keeping some of that aerospace strength from fully taking off.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Comfort Systems | 6.64% | $23.11M | $47.22B | 238.86% | 80 Outperform | |
| Quanta Services | 5.21% | $18.13M | $78.13B | 80.14% | 78 Outperform | |
| Howmet Aerospace | 5.05% | $17.57M | $92.82B | 80.24% | 67 Neutral | |
| Planet Labs PBC | 4.03% | $14.01M | $7.22B | 293.13% | 57 Neutral | |
| Jabil | 3.71% | $12.91M | $27.57B | 54.79% | 73 Outperform | |
| Cummins | 3.55% | $12.36M | $82.75B | 62.16% | 72 Outperform | |
| Caterpillar | 3.42% | $11.91M | $362.68B | 119.11% | 76 Outperform | |
| Dycom | 3.15% | $10.95M | $12.44B | 131.73% | 80 Outperform | |
| GE Aerospace | 2.91% | $10.12M | $329.04B | 50.57% | 72 Outperform | |
| MasTec | 2.71% | $9.42M | $20.91B | 93.49% | 74 Outperform |
PRN Technical Analysis
Positive
―
Price Trends
185.56
Positive
179.89
Positive
167.87
Positive
Market Momentum
4.76
Negative
65.50
Neutral
87.76
Negative
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 197.01, equal to the 50-day MA of 185.56, and equal to the 200-day MA of 167.87, indicating a bullish trend. The MACD of 4.76 indicates Negative momentum. The RSI at 65.50 is Neutral, neither overbought nor oversold. The STOCH value of 87.76 is Negative, 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
205.58
49.60
31.80%
FXR
First Trust Industrials/Producer Durables AlphaDEX Fund
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―
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PKB
Invesco Dynamic Building & Construction ETF
―
―
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XTN
SPDR S&P Transportation 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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