Invesco Insider Sentiment ETF (NFO) is an exchange-traded fund that seeks to track the investment results, before fees and expenses, of the Nasdaq US Insider Sentiment Index. The fund holds approximately 100 US mid- and large-cap stocks selected through a three-step screening process based on insider buying trends, momentum, and volatility; it invests at least 90% of its assets in index components across diversified sectors using a full replication technique. Originally launched on September 21, 2006, and managed by Invesco Capital Management LLC, headquartered in Atlanta, Georgia, the ETF targeted investors seeking exposure to US equities exhibiting positive insider sentiment signals with a focus on mid- to large-capitalization companies.
The ETF provided services including daily liquidity on the NYSE Arca exchange, quarterly distributions with an annual dividend yield around 1.43%, and portfolio characteristics such as a beta of approximately 0.84-0.91 and an expense ratio of 0.66%. Its holdings emphasized momentum and volatile stocks from sectors like diversified industrials, consumer goods, and technology, with geographic operations limited to US public equity markets and no significant international exposure.
In a major strategic shift, Invesco announced the liquidation and closure of the Invesco Insider Sentiment ETF, with trading ceasing on February 14, 2020, and the last day for creation orders on February 7, 2020, as part of a broader portfolio rationalization to focus on economically viable products. Prior to closure, the fund managed approximately $81.13 million in net assets, reflecting a year-to-date return of 4.59% and a one-year return of around 19-21%, but it was ultimately deemed no longer active. No relaunches, acquisitions, partnerships, or new product offerings related to NFO have occurred since its termination, and the ticker no longer supports active trading.