PRN - ETF AI Analysis
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Invesco DWA Industrials Momentum ETF (PRN)
Rating:70Outperform
Price Target:―
Positive Factors
Strong Year-to-Date Performance
The ETF has delivered strong gains so far this year, suggesting its momentum strategy has recently worked well.
High-Performing Top Holdings
Many of the largest positions, especially in industrial and technology names, have shown strong performance, helping drive the fund’s results.
Focused but Multi-Sector Exposure
While the fund is mainly invested in industrials, it also holds technology and several smaller sectors, offering some diversification across different industries.
Negative Factors
High Expense Ratio
The fund’s fees are relatively high for an ETF, which can eat into long-term returns compared with lower-cost options.
Sector Concentration in Industrials
A large majority of the portfolio is in industrial companies, which increases risk if that sector faces a downturn.
Limited Geographic Diversification
Almost all holdings are U.S.-based, so the fund offers little protection if the U.S. market or economy weakens.
PRN vs. SPDR S&P 500 ETF (SPY)
AUM420.26M
RegionNorth America
Expense Ratio0.60%
Beta1.26
IssuerInvesco
Inception DateOct 12, 2006
Dividend Yield0.25%
Asset ClassEquity
Index TrackedDorsey Wright Industrials Tech Leaders TR
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume55,690
30 Day Avg. Volume43,367
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
273.38Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering45
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
PRN Summary
PRN is the Invesco DWA Industrials Momentum ETF, which follows the Dorsey Wright Industrials Technical Leaders Index. It focuses mainly on U.S. industrial and related technology companies that have been performing strongly. The fund holds well-known names like Caterpillar and Jabil, along with other industrial and infrastructure firms. Someone might invest in PRN to tap into potential growth in industrial and manufacturing businesses, while getting diversification across many companies in this sector. A key risk is that it is heavily tied to industrial and tech-related stocks, so its value can rise and fall sharply with economic cycles and market swings.
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 names like Sterling Infrastructure, MKS Instruments, and TTM Technologies doing much of the heavy lifting thanks to strong, ongoing rallies. Comfort Systems and Caterpillar have been solid long-term winners, even if their recent moves look more steady than explosive. On the flip side, Quanta Services and Jabil have lost a bit of spark lately, acting as mild drags rather than major problems. Overall, the fund is clearly concentrated in industrial and related tech plays, making it a focused bet on North American economic and infrastructure strength.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Comfort Systems | 4.84% | $20.14M | $60.88B | 148.77% | 80 Outperform | |
| Howmet Aerospace | 4.58% | $19.06M | $112.93B | 53.18% | 67 Neutral | |
| Quanta Services | 4.49% | $18.69M | $100.33B | 68.88% | 78 Outperform | |
| EMCOR Group | 3.78% | $15.76M | $35.17B | 27.66% | 73 Outperform | |
| Sterling Infrastructure | 3.65% | $15.21M | $18.31B | 126.86% | 71 Outperform | |
| Jabil | 3.59% | $14.95M | $33.01B | 44.15% | 73 Outperform | |
| Caterpillar | 3.06% | $12.75M | $375.33B | 90.07% | 76 Outperform | |
| Curtiss-Wright | 2.79% | $11.60M | $26.75B | 46.68% | 74 Outperform | |
| Bel Fuse Inc | 2.74% | $11.41M | $3.76B | 113.31% | 73 Outperform | |
| Clean Harbors | 2.69% | $11.19M | $16.52B | 33.61% | 78 Outperform |
PRN Technical Analysis
Negative
―
Price Trends
236.99
Negative
226.63
Negative
206.10
Positive
Market Momentum
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For PRN, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 223.61, equal to the 50-day MA of 236.99, and equal to the 200-day MA of 206.10, indicating a neutral trend. The MACD of ― indicates undefined momentum. The RSI at ― is undefined, neither overbought nor oversold. The STOCH value of ― is undefined, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for PRN.
PRN Peer Comparison
Comparison Results
Performance Comparison
PRN
Invesco DWA Industrials Momentum ETF
215.52
53.67
33.16%
FXR
First Trust Industrials/Producer Durables AlphaDEX Fund
―
―
―
MISL
First Trust Indxx Aerospace & Defense ETF
―
―
―
PKB
Invesco Dynamic Building & Construction ETF
―
―
―
WELD
Tema U.S. Manufacturing & Reshoring ETF
―
―
―
PSCI
Invesco S&P SmallCap Industrials ETF
―
―
―
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.
DisclaimerThis 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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