Invesco Dorsey Wright Utilities Momentum ETF
PUI
NASDAQ Global Market- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 3500 Lacey Road Downers Grove IL United States of America 60515
- IPO Date
- Oct 26, 2005
- CIK
- 0001209466
- Website
- invesco.com
- Similar Companies
- Business
- Invesco Dorsey Wright Utilities Momentum ETF (PUI) is an exchange-traded fund that tracks the Dorsey Wright Utilities Technical Leaders Index by normally investing at least 90% of its total assets in the securities comprising the index. The index identifies at least 30 utilities sector stocks from the NASDAQ US Benchmark Index based on relative strength momentum, with the fund and index rebalanced and reconstituted quarterly; it offers exposure primarily to electric utilities, multi-utilities, gas utilities, independent power producers, water utilities, and related sectors including oil, gas, electrical equipment, and telecommunications services. Top holdings as of recent data include Oklo Inc (OKLO), Talen Energy Corp (TLN), GE Vernova Inc (GEV), Atmos Energy Corp (ATO), NRG Energy Inc (NRG), NiSource Inc (NI), Duke Energy Corp (DUK), American Water Works Co Inc (AWK), WEC Energy Group Inc (WEC), and DTE Energy Co (DTE). Launched on October 26, 2005, and domiciled in the United States, PUI operates under Invesco Exchange-Traded Fund Trust with management by Invesco Ltd., including portfolio managers Peter Hubbard (since June 2007), Michael Jeanette (since August 2008), Tony Seisser (since August 2014), and Pratik Doshi (since August 2020); the fund licenses its proprietary index methodology from Dorsey Wright & Associates, LLC, with no other corporate relationship. It targets investors seeking momentum-driven utilities exposure across market caps, predominantly mid-cap blend and value stocks alongside large- and small-cap positions, with a net expense ratio of 0.60% and quarterly ordinary income distributions, such as $0.21618 per share in September 2025, $0.24520 in June 2025, and $0.25538 in March 2025. Assets under management stand at approximately $52 million, with shares traded on U.S. exchanges. The fund underwent an index methodology transition prior to February 19, 2014, shifting from the Dynamic Utilities Intellidex Index to the current Dorsey Wright Utilities Technical Leaders Index; in recent years, it has maintained consistent quarterly rebalancing amid sector tailwinds from Federal Reserve rate cuts in 2025, boosting utilities performance, with no reported acquisitions, funding rounds, partnerships, name changes, or major strategic shifts within the last 1-2 years. Ongoing distributions and holdings adjustments reflect adaptive momentum selection, including increased allocations to renewable and independent power producers like OKLO and TLN in 2025 portfolios.