Is Invesco Bloomberg Pricing Power ETF (POWA) a Strong ETF Right Now?

Core Insights - The Invesco Bloomberg Pricing Power ETF (POWA) is designed to provide broad exposure to the Style Box - Large Cap Growth category and was launched on December 15, 2006 [1] Fund Overview - POWA is managed by Invesco and has accumulated assets exceeding $201.98 million, positioning it as an average-sized ETF in its category [4] - The fund aims to match the performance of the Bloomberg Pricing Power Index, which includes U.S. large and mid-cap companies with stable profit margins [4] Cost Structure - POWA has an annual operating expense ratio of 0.40%, which is competitive within its peer group [5] - The fund offers a 12-month trailing dividend yield of 1.40% [5] Sector Allocation and Holdings - The largest sector allocation for POWA is in Industrials, comprising approximately 29.40% of the portfolio, followed by Healthcare and Information Technology [6] - Iron Mountain Inc (IRM) is the largest individual holding at about 2.60%, with Lockheed Martin Corp (LMT) and Best Buy Co Inc (BBY) also among the top holdings [6] - The top 10 holdings represent around 22.4% of the total assets under management [6] Performance Metrics - As of September 13, 2024, POWA has gained approximately 13.94% year-to-date and 24.16% over the past year [7] - The fund has traded between$ 63.22 and $83.14 in the last 52 weeks [7] - POWA has a beta of 0.86 and a standard deviation of 11.20% over the trailing three-year period, indicating more concentrated exposure compared to peers [7] Alternatives - Other ETFs in the Style Box - Large Cap Growth segment include Vanguard Growth ETF (VUG) and Invesco QQQ (QQQ), with VUG having$ 136.02 billion in assets and QQQ at $283.80 billion [8] - VUG has a lower expense ratio of 0.04%, while QQQ charges 0.20% [8]