PBJ Stock Summary and Trading Ideas (Invesco Dynamic Food & Beverage ETF | ARCA:PBJ)

The Invesco Dynamic Food & Beverage ETF (Fund) is based on the Dynamic Food & Beverage Intellidex Index (Intellidex Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Intellidex Index is designed to provide capital appreciation by thoroughly evaluating companies based on a variety of investment merit criteria, including: price momentum, earnings momentum, quality, management action, and value. The Underlying Intellidex Index is comprised of common stocks of 30 US food and beverage companies. These are companies that are principally engaged in the manufacture, sale or distribution of sale or distribution of food and beverage products, agricultural products and products related to the development of new food technologies. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

Invesco Dynamic Food & Beverage ETF trades on the ARCA stock market under the symbol PBJ.

As of April 24, 2024, PBJ stock price climbed to $48.31 with 11,274 million shares trading.

PBJ has a beta of 0.38, meaning it tends to be less sensitive to market movements. PBJ has a correlation of 0.19 to the broad based SPY ETF.

PBJ has a market cap of $132.37 million. This is considered a Micro Cap stock.

In the last 3 years, PBJ stock traded as high as $49.46 and as low as $40.05.

PBJ stock has underperformed the market in the last year with a return of +5.1%, while SPY returned +24.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in PBJ shares. However, PBJ has outperformed the market in the last 3 month and 2 week periods, returning +8.2% and 0.0%, while SPY returned +4.6% and -2.7%, respectively. This indicates PBJ has been having a stronger performance recently.

PBJ support price is $47.75 and resistance is $48.55 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PBJ stock will trade within this expected range on the day.