PKB Stock Summary and Trading Ideas (Invesco Building & Construction ETF | ARCA:PKB)

The Invesco Building & Construction ETF (Fund) is based on the Dynamic Building & Construction Intellidex Index (Index). The Fund will normally invest at least 90% of its total assets in the securities that comprise the Index. The Index thoroughly evaluates 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 building and construction companies. These are companies that are primarily engaged in providing construction and related engineering services for building and remodeling residential properties, commercial or industrial buildings, or working on large-scale infrastructure projects, such as highways, tunnels, bridges, dams, power lines, and airports. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

Invesco Building & Construction ETF trades on the ARCA stock market under the symbol PKB.

As of May 13, 2024, PKB stock price declined to $72.33 with 17,697 million shares trading.

PKB has a beta of 1.62, meaning it tends to be more sensitive to market movements. PKB has a correlation of 0.63 to the broad based SPY ETF.

PKB has a market cap of $302.34 million. This is considered a Small Cap stock.

In the last 3 years, PKB stock traded as high as $75.18 and as low as $35.16.

PKB has outperformed the market in the last year with a price return of +50.1% while the SPY ETF gained +27.8%. PKB has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +11.3% and +2.5%, respectively, while the SPY returned +4.3% and +2.5%, respectively.

PKB support price is $71.72 and resistance is $74.04 (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 PKB stock will trade within this expected range on the day.