There is a change to the Invesco Sector Seven Model (POWERSEVEN) this week.
There is a change to the Invesco Sector Seven Model (POWERSEVEN) this week: buy the Invesco Pharmaceuticals ETF (PJP) and sell the Invesco NDW Technology Momentum ETF (PTF). PTF was sold because its rank in the model’s relative strength matrix fell below the threshold to remain a holding in the portfolio. In its place, the model added PJP as it was the highest-ranking fund in the matrix that was not already a model holding. PJP currently has a favorable 4.60 fund score, which is 0.25 points better than the average for all healthcare and biotech funds. On its default chart, the fund has completed five consecutive buy signals and reached a new all-time high in last week’s trading. Year-to-date (through 7/10), PJP has gained 13.40% on a price return basis. In addition to PJP, POWER7 also has exposure to aerospace & defense, AI and next gen software, building & construction, clean energy, next gen connectivity, and semiconductors. Year-to-date, POWER7 has gained 25.27%.
