Invesco Dorsey Wright Financial Momentum ETFInvesco Dorsey Wright Financial Momentum ETFInvesco Dorsey Wright Financial Momentum ETF

Invesco Dorsey Wright Financial Momentum ETF

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Key stats


Assets under management (AUM)
‪62.61 M‬USD
Fund flows (1Y)
‪−462.27 K‬USD
Dividend yield (indicated)
2.89%
Discount/Premium to NAV
0.4%
Shares outstanding
‪1.12 M‬
Expense ratio
0.60%

About Invesco Dorsey Wright Financial Momentum ETF


Brand
Invesco
Home page
Inception date
Oct 12, 2006
Structure
Open-Ended Fund
Index tracked
Dorsey Wright Financials Tech Leaders TR
Management style
Passive
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Invesco Capital Management LLC
Distributor
Invesco Distributors, Inc.
PFI changed its tune in February 2014 but continues to provide an alternate take on US financial firms. The old version of the fund used a multi-factor selection method coupled with a tiered equal-weighting scheme that produced a vastly different portfolio than our neutral benchmark. The new incarnation follows a Dorsey-Wright relative strength index that selects and weights stocks by price momentum. Index selection begins by creating a momentum score for each eligible stock in the financial sector. The score is based on both intermediate and long-term price movements compared to other stocks in the space. The top, at least 30 stocks, with the highest momentum scores are selected for index inclusion. Companies in the financial sector include banking, investment services, insurance and real estate finance services. The fund is reconstituted and rebalanced quarterly. Prior to August 28, 2023, the fund traded under the name Invesco DWA Financial Momentum ETF.

Classification


Asset Class
Equity
Category
Sector
Focus
Financials
Niche
Broad-based
Strategy
Momentum
Geography
U.S.
Weighting scheme
Momentum
Selection criteria
Momentum
What's in the fund
Exposure type
StocksBonds, Cash & Other
Finance
Stock breakdown by region
100%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.

Broaden your horizons with more funds linked to PFI via country, focus, and more.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
PFI trades at 54.12 USD today, its price has fallen −0.79% in the past 24 hours. Track more dynamics on PFI price chart.
PFI net asset value is 54.49 today — it's risen 11.00% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
PFI assets under management is ‪62.61 M‬ USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
PFI price has risen by 7.49% over the last month, and its yearly performance shows a 8.66% increase. See more dynamics on PFI price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 11.00% over the last month, showed a −8.11% decrease in three-month performance and has increased by 13.18% in a year.
PFI fund flows account for ‪−462.27 K‬ USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
PFI invests in stocks. See more details in our Analysis section.
PFI expense ratio is 0.60%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, PFI isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, PFI technical analysis shows the sell rating and its 1-week rating is neutral. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating PFI shows the buy signal. See more of PFI technicals for a more comprehensive analysis.
Yes, PFI pays dividends to its holders with the dividend yield of 2.89%.
PFI trades at a premium (0.37%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
PFI shares are issued by Invesco Ltd.
PFI follows the Dorsey Wright Financials Tech Leaders TR. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Oct 12, 2006.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.