Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (PEZ)
Invesco Dorsey Wright Consumer Cyclicals Momentum ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Downers Grove, IL, US. The stock last traded at $102.41, down 0.01% on the session, giving a market capitalisation of $22.5M. Its beta of 1.49 implies it has historically moved more than the broad market.
The Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (PEZ) aims to replicate the performance of the Dorsey Wright Consumer Cyclicals Technical Leaders Index. This fund typically allocates a minimum of 90% of its total assets to the securities that make up its benchmark index. The underlying index is meticulously constructed to identify companies displaying robust relative strength, a concept synonymous with momentum, by selecting at least 30 securities from the NASDAQ US Benchmark Index. Relative strength, in this context, measures a security's performance within a specific market universe over a period compared to the performance of all other securities in that same universe. Both the fund and its guiding index are rebalanced and reconstituted on a quarterly schedule.
Invesco Dorsey Wright Consumer Cyclicals Momentum ETF is most often compared with the following Financial Services names: