UPGD: Better Performance This Year But No Long-Term Appeal, A Hold Rating Maintained

I maintain the Hold rating on the Invesco Bloomberg Analyst Rating Improvers ETF. In contrast to 2025, UPGD has seen stronger performance this year, beating IVV in the first seven months, supported by its value and low volatility exposures and sector mix. Nevertheless, UPGD's performance edge has already disappeared in August, and I do not expect it to regain it in the remaining months of the year.