PRN - ETF AI Analysis

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Invesco DWA Industrials Momentum ETF (PRN)

Rating:69Neutral

Price Target:―

The Invesco DWA Industrials Momentum ETF (PRN) benefits from strong contributions by holdings like Parker Hannifin (PH) and Quanta Services (PWR), both of which exhibit robust financial performance, strategic growth initiatives, and positive earnings call sentiment. However, weaker holdings such as Rocket Lab USA (RKLB), which faces profitability and cash flow challenges, slightly weigh down the overall rating. A key risk for this ETF is its exposure to high valuation stocks, which could pose challenges in a volatile market environment.

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)

AUM323.69M

RegionNorth America

Expense Ratio0.60%

Beta1.31

IssuerInvesco

Inception DateOct 12, 2006

Dividend Yield0.28%

Asset ClassEquity

Index TrackedDorsey Wright Industrials Tech Leaders TR

Share Statistics

EPS (TTM)N/A

Shares OutstandingN/A

10 Day Avg. Volume11,691

30 Day Avg. Volume17,239

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

199.48

Price Target Upside― Downside

Rating ConsensusModerate Buy

Number of Analyst Covering50

EPS Forecast (FY)N/A

Revenue Forecast (FY)N/A

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 Comfort Systems leading the charge thanks to strong growth and strategic wins. Aerospace-focused Parker Hannifin and Howmet Aerospace are steady contributors, benefiting from robust demand in their segments. However, Trane Technologies and Bloom Energy are lagging, weighed down by valuation concerns and bearish signals. With nearly 90% of its holdings in the industrials sector and a U.S.-centric focus, the fund is heavily concentrated in cyclical growth plays, making it a bet on industrial resilience and momentum.

Name	Company Name	Weight %	Market Value	Market Cap	Yearly Gain	Overall Rating
FIX	Comfort Systems	5.61%	$18.29M	$37.14B	113.22%	80 Outperform
PL	Planet Labs PBC	5.34%	$17.40M	$8.38B	597.91%	57 Neutral
HWM	Howmet Aerospace	5.17%	$16.86M	$88.55B	80.74%	67 Neutral
PWR	Quanta Services	4.67%	$15.21M	$65.17B	32.68%	78 Outperform
JBL	Jabil	3.68%	$12.00M	$25.48B	52.58%	73 Outperform
CMI	Cummins	3.60%	$11.73M	$78.02B	56.65%	72 Outperform
GE	GE Aerospace	3.18%	$10.35M	$336.36B	76.87%	72 Outperform
CAT	Caterpillar	3.03%	$9.88M	$298.92B	70.38%	76 Outperform
CW	Curtiss-Wright	2.87%	$9.36M	$23.48B	75.95%	74 Outperform
DY	Dycom	2.78%	$9.07M	$10.25B	85.68%	80 Outperform

PRN Technical Analysis

Technical Analysis Sentiment

Positive

Last Price―

Price Trends

50DMA

175.60

Positive

100DMA

173.79

Positive

200DMA

161.66

Positive

Market Momentum

MACD

3.96

Negative

RSI

65.71

Neutral

STOCH

95.67

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 180.78, equal to the 50-day MA of 175.60, and equal to the 200-day MA of 161.66, indicating a bullish trend. The MACD of 3.96 indicates Negative momentum. The RSI at 65.71 is Neutral, neither overbought nor oversold. The STOCH value of 95.67 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

Name	Price	Price Target	AUM	Expense Ratio	Overall Rating
PRN	―	―	$323.69M	0.60%	―
IYT	―	―	$913.97M	0.38%	―
RSPN	―	―	$900.33M	0.40%	―
FXR	―	―	$811.76M	0.61%	―
RSHO	―	―	$193.95M	0.75%	―
PSCI	―	―	$152.71M	0.29%	―

Performance Comparison

PRN

Invesco DWA Industrials Momentum ETF

191.37

28.34

17.38%

IYT

iShares US Transportation ETF

―

RSPN

Invesco S&P 500 Equal Weight Industrials ETF

―

FXR

First Trust Industrials/Producer Durables AlphaDEX Fund

―

RSHO

Tema American 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.

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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