Invesco Bloomberg Analyst Rating Improvers ETF
UPGD
New York Stock Exchange Arca- -
USD
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Capital Structure
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in mil. unless spec.Quarterly Earnings 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
- May 19, 2006
- Website
- invesco.com
- Similar Companies
- Business
- Invesco Bloomberg Analyst Rating Improvers ETF (UPGD) is an exchange-traded fund that seeks to track the investment results of the Bloomberg ANR Improvers Index by investing at least 90% of its total assets in securities comprising the index; the index selects the 50 companies from the Bloomberg US Large Mid Universe with the highest analyst recommendation improvers scores over the prior 6- and 12-month periods based on Bloomberg Analyst Recommendations, rebalanced quarterly in March, June, September, and December. The fund provides exposure to an equal-weighted portfolio of large- and mid-cap U.S. equity securities identified for improved consensus analyst ratings, with sector allocations including industrials (approximately 26-28%), information technology (17-23%), consumer discretionary (8-18%), and consumer staples (9-16%); top holdings as of recent data include Palantir Technologies, International Business Machines, Zoom Video Communications, Caterpillar, and Carvana, among others. UPGD lists on NYSE Arca with a net expense ratio of 0.40%, a 30-day SEC yield around 1.34%, and assets under management exceeding $110 million, targeting investors seeking mid-cap blend strategies focused on analyst-upgraded stocks. Launched on May 19, 2006, with headquarters aligned to its issuer Invesco Ltd. in Atlanta, Georgia, the fund underwent a major strategic shift effective March 25, 2024, changing its name and ticker from Invesco Raymond James SB-1 Equity ETF (RYJ) to its current form, adopting the Bloomberg ANR Improvers Index from Bloomberg Index Services Limited in place of the prior Raymond James SB-1 Equity Index, and reducing its management fee from 0.75% to 0.40%. This reorganization reflects Invesco's ongoing evaluation and enhancement of its ETF lineup, building on prior integrations such as the 2018 Guggenheim ETFs acquisition and broader firm efforts to optimize product strategies amid market evolution. Invesco Ltd., the independent global investment manager issuing UPGD, operates in over 20 countries with primary U.S. operations, managing trillions in assets across mutual funds, ETFs, and other vehicles under brands like Invesco and PowerShares.