Invesco Food & Beverage ETF (PBJ)
Invesco Food & Beverage ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Downers Grove, IL, US. The stock last traded at $47.34, up 0.28% on the session, giving a market capitalisation of $88.9M. Its beta of 0.49 implies it has historically moved less than the broad market.
The Invesco Food & Beverage ETF, referred to as the Fund, mirrors the performance of the Dynamic Food & Beverage Intellidex Index. Generally, the Fund commits at least 90% of its total capital to the assets found within this Index. The Index aims to achieve capital appreciation by meticulously evaluating companies based on several key investment attributes, including share price trajectory, earnings expansion, inherent quality, executive actions, and overall market value. Composed of securities from 30 U.S. companies, the Index specifically targets businesses primarily involved in the production, sale, or distribution of food and beverage goods, agricultural products, and technologies advancing new food solutions. Both the Fund and the Index are adjusted and re-evaluated on a quarterly cycle in February, May, August, and November.
Invesco Food & Beverage ETF is most often compared with the following Financial Services names: