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

The Invesco Food & Beverage ETF (Fund) is based on the Dynamic Food & Beverage Intellidex Index (Index). The Fund will normally invest at least 90% of its total assets in the securities that comprise the Index. The 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 Index is comprised of securities of 30 US food and beverage companies. These are companies that are principally engaged in the manufacture, 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 Food & Beverage ETF trades on the ARCA stock market under the symbol PBJ.

As of September 27, 2024, PBJ stock price climbed to $48.36 with 22,824 million shares trading.

PBJ has a market cap of $119.46 million. This is considered a Micro Cap stock.

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

PBJ has underperformed the market in the last year with a return of +15.1%, while SPY returned +35.8%. 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 +5.9% and +2.8%, while SPY returned +5.1% and +2.5%, respectively. This indicates PBJ has been having a stronger performance recently.

PBJ support price is $47.77 and resistance is $48.45 (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 shares will trade within this expected range on the day.