5 U.S. ETFs Seeing Fireworks Ahead Of July Fourth

Invesco WilderHill Clean Energy ETF (PBW - Free Report)

This product has been powered by a solar surge. It provides exposure to U.S. companies engaged in the business of advancement of cleaner energy and conservation. It follows the WilderHill Clean Energy Index and holds about 38 stocks in its basket with none holding more than 3.12% of the total assets. The fund has AUM of $175 million in its asset base and sees a good volume of nearly 37,000 shares a day. It charges 70 bps in annual fees and has gained 41.7% so far this year.

Invesco DWA Technology Momentum ETF (PTF - Free Report)

The technology sector has been the biggest beneficiary of the broad market rally, attributable to the anticipation of a trade deal and the Fed’s more dovish-than-expected view. In fact, PTF, which provides exposure to the companies with relative strength (momentum), has been leading the pack. It follows the Dorsey Wright Technology Technical Leaders Index and holds 39 securities in its basket. This ETF is illiquid and relatively unpopular with AUM of $213.4 million and average daily volume of 23,000 shares. It charges 60 bps in annual fees and has rallied 41.2%. The product has a Zacks ETF Rank #2 (Buy) with a High risk outlook.

Renaissance IPO ETF (IPO - Free Report)

This ETF has been surging on a slew of blockbuster IPOs. This fund provides exposure to the largest and most-liquid newly listed companies by tracking the Renaissance IPO Index. It currently holds 64 stocks in its basket, with each accounting for less than 9.5% exposure. Technology is the top sector accounting for 36% share while communication services and real estate round off the next two spots with double-digit allocation each. The fund has amassed $52.2 million in its asset base while trading in light volume of about 36,000 shares, probably implying additional cost beyond the expense ratio of 0.60%. IPO is up 37.1% so far this year.

Invesco DWA NASDAQ Momentum ETF (DWAQ - Free Report)

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