Invesco Dynamic Retail ETF (PMR)
Invesco Dynamic Retail ETF operates in the Asset Management industry of the Financial Services sector, headquartered in ZA. The stock last traded at $41.37, up 0.11% on the session, giving a market capitalisation of $8.1M. Its beta of 0.98 implies it has historically moved less than the broad market.
This investment vehicle aims to mirror the financial performance (prior to fees and expenses) of the Dynamic Retail IntellidexSM Index. Typically, the fund allocates a minimum of 90% of its total capital to the securities that constitute this underlying index. The index itself is composed of common shares from retail companies operating within the United States. These businesses are predominantly engaged in operating various retail formats, including general merchandise stores such as department stores, discount retailers, warehouse clubs, and superstores; specialty shops offering products like apparel, electronics, accessories, and footwear; and establishments focused on home improvement and furnishings. The fund maintains a concentrated portfolio.
Invesco Dynamic Retail ETF is most often compared with the following Financial Services names: