INVN - ETF AI Analysis
Top Page
Alger Russell Innovation ETF (INVN)
Rating:69Neutral
Price Target:―
Positive Factors
Recent Performance Momentum
The ETF has shown strong recent gains over the past one and three months, suggesting positive short-term momentum.
Technology-Focused Innovation Exposure
With a large tilt toward technology and other innovation-driven sectors, the fund offers targeted exposure to companies aiming for high growth.
Concentrated Yet Spread Top Holdings
The top holdings each have relatively similar weights, so no single stock dominates the portfolio, helping reduce the impact of one company’s moves.
Negative Factors
High Expense Ratio
The fund’s fee is on the higher side for an ETF, which can eat into long-term returns compared with lower-cost options.
Heavy U.S. and Tech Concentration
Almost all assets are in U.S. stocks and more than half are in technology, increasing sensitivity to downturns in the U.S. tech sector.
Several Weak Top Holdings
A number of the largest positions have delivered weak year-to-date performance, which could weigh on the fund if those stocks do not recover.
INVN vs. SPDR S&P 500 ETF (SPY)
AUM10.27M
RegionNorth America
Expense Ratio0.55%
Beta1.01
IssuerAlger
Inception DateJan 07, 2025
Dividend Yield0.23%
Asset ClassEquity
Index TrackedAlger Russell Innovation Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume6,214
30 Day Avg. Volume4,670
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
29.90Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering50
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
INVN Summary
The Alger Russell Innovation ETF (INVN) is a fund that tracks the Alger Russell Innovation Index, focusing on large U.S. companies that are seen as leaders in new technology and modern business models. It holds many tech and health care firms, with well-known names like PayPal and Roblox among its top positions. Investors might consider INVN if they want growth potential from innovative companies while still investing in established, large businesses. However, because it is heavily tilted toward technology and other fast-changing sectors, its price can be quite volatile and may rise or fall more than the overall market.
How much will it cost me?The Alger Russell Innovation ETF (Ticker: INVN) has an expense ratio of 0.55%, which means you’ll pay $5.50 per year for every $1,000 invested. This is higher than average for ETFs because it is actively managed, focusing on innovative large-cap companies rather than tracking a broad index. Active management typically involves higher costs due to research and portfolio adjustments.
What would affect this ETF?The Alger Russell Innovation ETF could benefit from continued advancements in technology and healthcare, as these sectors make up a significant portion of its portfolio and are often drivers of innovation. However, rising interest rates or economic slowdowns may negatively impact growth-focused companies, particularly in consumer cyclical and technology sectors. Regulatory changes or geopolitical tensions in the U.S., where the ETF is primarily focused, could also influence its performance.
INVN Top 10 Holdings
INVN is essentially a bet on U.S. innovation, with a heavy tilt toward tech and software names driving the story. Atlassian and Unity have been rising, helping power returns as demand for cloud and developer tools stays strong. RingCentral and Paycom add more momentum, acting like steady engines in the portfolio’s software stack. UiPath is another bright spot, riding the wave of automation, while CCC Intelligent Solutions and Bill.com are more mixed, occasionally dragging on performance. Overall, it’s a concentrated, North America–focused play on high-growth, tech-led disruption.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Atlassian | 3.25% | $335.04K | $47.99B | 9.95% | 66 Neutral | |
| RingCentral | 3.01% | $310.86K | $6.13B | 129.77% | 63 Neutral | |
| Paycom | 2.69% | $277.32K | $10.26B | 3.37% | 76 Outperform | |
| Gitlab | 2.64% | $272.54K | $8.30B | 8.96% | 62 Neutral | |
| UiPath | 2.59% | $267.14K | $7.87B | 32.20% | 72 Outperform | |
| Zebra Tech | 2.52% | $259.90K | $17.16B | 15.60% | 72 Outperform | |
| Elastic | 2.42% | $249.26K | $9.64B | 5.88% | 65 Neutral | |
| Unity Software | 2.41% | $248.82K | $18.33B | -4.93% | 65 Neutral | |
| Bill.com Holdings | 2.40% | $247.54K | $4.19B | -4.62% | 74 Outperform | |
| CCC Intelligent Solutions Holdings | 2.35% | $242.15K | $4.42B | -23.60% | 61 Neutral |
INVN Technical Analysis
Positive
―
Price Trends
24.41
Positive
22.51
Positive
21.38
Positive
Market Momentum
0.78
Positive
59.73
Neutral
64.14
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For INVN, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 26.53, equal to the 50-day MA of 24.41, and equal to the 200-day MA of 21.38, indicating a bullish trend. The MACD of 0.78 indicates Positive momentum. The RSI at 59.73 is Neutral, neither overbought nor oversold. The STOCH value of 64.14 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for INVN.
INVN Peer Comparison
Comparison Results
Performance Comparison
INVN
Alger Russell Innovation ETF
26.84
5.81
27.63%
PRMR
PeakShares RMR Prime Equity ETF
―
―
―
ALTL
Pacer Lunt Large Cap Alternator ETF
―
―
―
SPXE
ProShares S&P 500 Ex-Energy ETF
―
―
―
FCUS
Pinnacle Focused Opportunities ETF
―
―
―
EGGQ
NestYield Visionary ETF
―
―
―
Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
DisclaimerThis AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
Table of Contents