DWAQ - Invesco DWA NASDAQ Momentum ETF

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
137.06
-0.21 (-0.15%)
At close: 10:33AM EST
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Previous Close137.27
Open136.31
Bid0.00 x 800
Ask0.00 x 900
Day's Range136.31 - 137.32
52 Week Range103.46 - 137.47
Volume430
Avg. Volume0
Net Assets51.08M
NAV137.62
PE Ratio (TTM)13.08
Yield0.00%
YTD Daily Total Return7.34%
Beta (5Y Monthly)1.27
Expense Ratio (net)0.60%
Inception Date2003-05-01
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    Invesco Announces Changes to Its US ETF and Mutual Fund Product Lines

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  • 5 Nasdaq ETFs for Tantalizing Tech Investments — Besides the QQQ
    InvestorPlace

    5 Nasdaq ETFs for Tantalizing Tech Investments — Besides the QQQ

    When it comes to the Nasdaq Composite and Nasdaq-100 indexes, many investors think of growth stocks, including those from communication services, consumer and technology sectors. In fact, those three sectors combine for more than 82% of the Nasdaq-100 Index's roster.And when it comes to Nasdaq exchange traded funds (ETFs), the Invesco QQQ (NASDAQ:QQQ) is the dominant name. Home to $74.56 billion in assets under management, QQQ is one of the largest ETFs in the world.While Nasdaq is known as one of the world's largest operator of equity exchanges, the company has been a force in the indexing world dating back to the early 1970s.InvestorPlace - Stock Market News, Stock Advice & Trading Tips"Nasdaq calculates more than 40,000 diverse indexes, providing coverage across asset classes, countries and sectors," according to the company. * 7 Dependable Dividend Stocks to Buy That means in addition to QQQ, there are plenty of compelling Nasdaq ETFs out there, including some appropriate for investors seeking robust technology sector exposure. Here are some Nasdaq ETFs to consider beyond the famed QQQ. Invesco DWA NASDAQ Momentum ETF (DWAQ)Source: Shutterstock Expense ratio: 0.60% per year, or $60 on a $10,000 investment.The Invesco DWA NASDAQ Momentum ETF (NASDAQ:DWAQ) is a Nasdaq ETF that can be used as an alternative or complement to the aforementioned QQQ. DWAQ's underlying benchmark is the Dorsey Wright NASDAQ Technical Leaders Index."The Index is comprised of approximately 100 securities from an eligible universe of approximately 1,000 securities of large capitalization companies from the NASDAQ US Benchmark Index. All securities in the universe are ranked using a proprietary relative strength (momentum) measure," according to Invesco.DWAQ is a fine idea for investors looking for growth exposure because more than 83% of the fund's holdings are large-, mid- and small-cap growth stocks. Additionally, this Nasdaq ETF is a valid consideration for investors looking to overweight technology stocks as DWAQ allocates more than 31% of its roster to that sector. ProShares Equities for Rising Rates ETF (EQRR)Source: Shutterstock Expense ratio: 0.35%The ProShares Equities for Rising Rates ETF (NASDAQ:EQRR) by its very name would seem to imply it is not useful at a time when the Federal Reserve is reportedly mulling interest rate cuts. However, this Nasdaq ETF is still up nearly 10% year-to-date and is a sensible option for investors looking for a Nasdaq ETF with reduced tech exposure.EQRR, which is nearly two years old, tracks the Nasdaq U.S. Large Cap Equities for Rising Rates Index. The aim of this Nasdaq ETF is to provide exposure to "sectors that have had the highest correlations to 10-Year U.S. Treasury yields and within those sectors, the stocks that have had a strong tendency to outperform as rates rise," according to ProShares. * 7 Short Squeeze Stocks With Big Upside Potential Giving EQRR something of a value tilt, the fund devotes over 36% of its combined weight to the financial services and industrial sectors, indicating that it can mitigate some of the volatility associated with other growth-heavy Nasdaq ETFs. First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT)Source: Shutterstock Expense ratio: 0.65%The First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) is a prime example of a thematic ETF and the theme offers ample long-term potential. ROBT, which is nearly a year and a half old, targets the Nasdaq CTA Artificial Intelligence and Robotics Index and holds 95 stocks. This Nasdaq ETF places plenty of competition, but ROBT is compelling avenue to robtics investing.ROBT features exposure to three segments of the artificial intelligence and robotics universe -- companies the issuer deems to be enablers, engagers and enhancers. Engagers command 60% of ROBT's index while enablers garner 25% and enhancers land at 15%. Robotics ETFs usually feature exposure to multiple sectors, but ROBT is applicable for tech investors because the Nadaq ETF devotes 61% of its weight to that sector.Industry observers expect big growth for the themes represented in ROBT. Global robotics spending could swell to almost $231 billion by 2021, according to IDC while artificial intelligence could command $15.7 trillion of the global economy by 2030. Invesco NASDAQ Internet ETF (PNQI)Expense ratio: 0.60%With the Nasdaq being home to so many of the largest most venerable internet companies, it makes sense that there would be a dedicated Nasdaq ETF for those stocks, That fund is the Invesco NASDAQ Internet ETF (NASDAQ:PNQI), which tracks the NASDAQ Internet Index.There is plenty of competition in the internet ETF arena, but PNQI has been admirable performer, returning more than 83% over the past three years. Plus, this Nasdaq ETF is by no means small as highlighted by its $570.1 million in assets under management. * 5 EV Stocks to Buy for Big Gains Over the Next Decade What makes this Nasdaq ETF interesting relative to traditional internet ETF competitors is that mixes U.S. and international companies whereas competing funds usually focus on domestic or ex-US stocks, not both. Led by Alibaba (NYSE:BABA), four of PNQI's top 10 holdings are ex-US companies. In fact, PNQI has been a better than some rival funds that only focus on international internet companies. First Trust Nasdaq Semiconductor ETF (FTXL)Source: Shutterstock Expense ratio: 0.60%There are a few semiconductor funds out there, but the First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) is one of the more overlooked members of that group, but this Nasdaq ETF is a way for investors to access a unique weighting methodology for chip stocks.FTXL's underlying index is the Nasdaq US Smart Semiconductor Index. That benchmark uses growth, value and volatility as barometers for stock inclusion. That means that over longer holding periods, this Nasdaq ETF's returns could differ significantly from traditional chip funds.The median market value of FTXL's 30 components is $14.5 billion, indicating the fund leans toward smaller chip names, but even with that, the fund trades at favorable multiples relative to basic small-cap index funds. And even with the size bias, FTXL remains home to some of the largest semiconductor stocks. FTXL is up nearly 26% year-to-date.Todd Shriber does not own any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dependable Dividend Stocks to Buy * 10 Stocks Driving the Market to All-Time Highs (And Why) * 7 Short Squeeze Stocks With Big Upside Potential The post 5 Nasdaq ETFs for Tantalizing Tech Investments -- Besides the QQQ appeared first on InvestorPlace.

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  • 5 of the Best-Performing ETFs for 2019 So Far
    InvestorPlace

    5 of the Best-Performing ETFs for 2019 So Far

    With the second quarter winding to a close, we're nearly at the halfway point of 2019. So it's an ideal time to examine some of the investment strategies that have been working this year. Broadly speaking, 2019 has been a good year for equities, but there have recently been bumps in the road, mainly caused by an ongoing trade tiff between the U.S. and China, the world's two largest economies.As has been widely reported, this trade spat has wide-ranging implications for a variety of sectors, including cyclical and growth stocks, the corners of the equity market that have been driving forces for much of this bull run.With that in mind, it may not have been surprising that stocks tanked in May, prompting massive outflows from exchange traded funds (ETFs).InvestorPlace - Stock Market News, Stock Advice & Trading Tips"As a result of the trade-induced market drawdown, equity ETFs posted their highest level of outflows for a given month ever, totaling over $19.9 billion," said State Street in a recent note. "Outflows in May are not that uncommon, however. Over the last ten years, equities have had outflows in the month of May 45% of the time--the third highest percentage for a given month."Still, the best ETFs remain beloved by advisors and investors, particularly those looking for low-cost investment ideas or avenues for boosting portfolio diversity. Fortunately, some of the best ETFs are delivering stellar performances this year. * 6 Stocks Ready to Bounce on a Trade Deal In searching for this year's best ETFs, we excluded leveraged funds because those are short-term instruments. A heads up: investors will find that many of the best ETFs to this point in 2019 are thematic funds, including some of the ETFs highlighted here. Invesco Solar ETF (TAN)Source: Shutterstock Expense ratio: 0.70%YTD return: 49.92%Oil prices climbed earlier this year, boosting the fortunes of alternative energy stocks along the way. Of course, that scenario benefited the Invesco Solar ETF (NYSEARCA:TAN), the largest solar ETF. Up nearly 50% year-to-date, TAN is easily one of this year's best ETFs. Moreover, considering this fund's China exposure, its recent performance has been exceptional. TAN barely budged in May and is up 10.14% this month.Earlier this week, Goldman Sachs boosted its rating on several of TAN's marquee components, including SunPower Corporation (NASDAQ:SPWR), Sunrun Inc (NASDAQ:RUN), and Solaredge Technologies Inc (NASDAQ:SEDG).While TAN allocates over 21% of its weight to Chinese solar companies, one of the important factors making this one of the best ETFs and one cited by Goldman in the aforementioned upgrades is domestic in nature.Starting next year, California will require all new homes that are built there to have solar panels, representing significant opportunity for several of TAN's components. ALPS Clean Energy ETF (ACES)Source: Shutterstock Expense ratio: 0.65%YTD return: Almost 29%Keeping with the theme of alternative energy funds, there is the ALPS Clean Energy ETF (CBOE:ACES), which is also one of this year's best ETFs. ACES, which is about a year old, is one of the best ETFs for investors looking for exposure to multiple clean energy themes.While TAN is dedicated to solar, ACES offers exposure to solar, wind, smart grid, biomass, geothermal, electrical vehicle/storage and fuel cell stocks. ACES slumped a bit more than TAN last month, but this alternative energy fund is on the mend this month and is up a solid 7% in the second quarter. * Check Out These 5 Fast-Growing Stocks to Buy Today If oil prices can rebound in the back half of 2019, ACES and TAN can solidify their perches as two of this year's best ETFs. Global X MSCI Argentina ETF (ARGT)Expense ratio: 0.59%YTD return: 35.45%The MSCI Emerging Markets Index, which will soon feature Argentine stocks, is up barely more than 7% this year, but the Global X MSCI Argentina ETF (NYSEARCA:ARGT) is clearly one of this year's best ETFs, emerging markets or otherwise. Yes, some of ARGT's status as one of 2019's best ETFs has to do with global investors buying Argentine equities in anticipation of South America's second-largest economy being added to the MSCI Emerging Markets Index.However, there are other factors at play, including ARGT's 21.14% weight to Latin American e-commerce giant MercadoLibre, Inc. (NASDAQ:MELI). That stock, which is ARGT's largest holding, is up nearly 113% this year. ARGT is up 8.39% this month as the fund has been boosted by news that President Mauricio Macri is opting for a moderate running mate in this year's national election there."This year, Argentine markets seem to be mimicking patterns from the last presidential election cycle in 2015, when after a strong Q1, election-related uncertainty led to a mid-year market downturn," according to Global X research. "Almost on cue in 2019, a 17.3% rise in Q1 was met with a selloff in April after default risk spiked. The jump came after early polling data showed higher approval ratings for the former populist President, Cristina Fernandez de Kirchner (CFK) relative to the current pro-market reformist President, Mauricio Macri." Invesco DWA NASDAQ Momentum ETF (DWAQ)Source: Shutterstock Expense ratio: 0.60%YTD Return: 34.05%Some momentum stocks have been under pressure due to the trade spat, but others, particularly those with significant domestic exposure, are holding up pretty well. That has the Invesco DWA NASDAQ Momentum ETF (NASDAQ:DWAQ)sitting pretty as one of this year's best ETFs. DWAQ can be used as complement or alternative to traditional Nasdaq-100 ETFs.DWAQ tracks the Dorsey Wright NASDAQ Technical Leaders Index, which is a different beast than the cap-weighted Nasdaq-100. "All securities in the universe are ranked using a proprietary relative strength (momentum) measure. Each security's score is based on intermediate and long-term price movements relative to a representative market benchmark and the other eligible securities," according to Invesco. * 5 Undervalued Stocks to Buy DWAQ actually makes for a nice complement to a standard Nasdaq-100 ETF because this Invesco allocates "just" 27% of its weight to technology and healthcare is its largest sector weight at 38.22%. DWAQ is also one of the best ETFs for investors seeking mid/small blend exposure because large caps represent just 19.25% of the fund's weight. O'Shares Global Internet Giants ETF (OGIG)Source: Shutterstock Expense ratio: 0.48%YTD return: 31%The O'Shares Global Internet Giants ETF (NYSEARCA:OGIG) is one of several internet funds that qualify for the best ETFs conversation, but there is something rather remarkable about this fund this year. While OGIG features ample exposure to Chinese internet stocks, some of which have been slammed by the trade war, this fund is holding up really well.None of OGIG's holdings command weights of more than 6.59%, but the good news for investors is that marquee domestic names in the fund, such as Facebook (NASDAQ:FB) and Alphabet (NASDAQ:GOOG,GOOGL), derive significant portions of their revenue in the U.S. and small percentages in China.Alphabet and Facebook garner 2% and 9% of their revenue from China, respectively, but Tencent depends on its home country for 97% of its top line, according to O'Shares research. Todd Shriber does not own any of the aforementioned securities. 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