PBE ISSUER
The Invesco Dynamic Biotechnology & Genome ETF (PBE) is a fund designed to provide investors with exposure to the dynamic and rapidly evolving field of biotechnology and genome research. This ETF, managed by Invesco, seeks to replicate the performance of the ICE Data Biotechnology Index, a benchmark comprised of U.S. biotechnology and genome companies. These companies are at the forefront of biotechnological advancements, engaging in research, development, manufacturing, and the distribution of cutting-edge biotechnological products, services, and processes. As of June 30, 2023, the index consisted of 30 constituents with market capitalizations ranging from $876 million to $96 billion. PBE employs a full replication strategy to track the index, meaning it invests in all index components in proportion to their weightings. While the fund may concentrate its investments in the biotechnology and genome industry, it maintains the flexibility to adjust its holdings over time to adapt to evolving market dynamics.
PBE DIVIDEND
While the Invesco Dynamic Biotechnology & Genome ETF (PBE) primarily focuses on tracking the performance of the biotechnology and genome industry, it may still provide dividend returns to investors. The dividend eligibility, distribution frequency, and policies of PBE are influenced by the individual dividend practices of the constituent companies within the biotechnology and genome sector. As of its last update in June 2023, PBE is comprised of 30 constituents, and its dividend distribution may fluctuate as these companies evolve and adapt within the biotechnology and genome field.
PBE TRACKING
The Invesco Dynamic Biotechnology & Genome ETF (PBE) focuses on tracking the performance of the Biotechnology and Genome industry in the United States. This ETF invests at least 90% of its total assets in securities that make up the Underlying Index, which is curated by ICE Data Indices, LLC. The Underlying Index comprises common stocks of U.S. biotechnology and genome companies heavily involved in researching, developing, manufacturing, marketing, and distributing various biotechnological products, services, and processes. As of June 30, 2023, the Underlying Index consisted of 30 constituents, with market capitalizations ranging from $876 million to $96 billion. PBE utilizes a full replication approach, investing in all the securities within the Underlying Index in proportion to their weightings. The Fund may concentrate its investments in the biotechnology and genome industry, offering investors exposure to this innovative and rapidly evolving sector.
PBE CORRELATION
The correlation aspect of the Invesco Dynamic Biotechnology & Genome ETF (PBE) is fundamental in comprehending its performance in relation to the biotechnology and genome sector. Given that PBE tracks an index composed of U.S. biotechnology and genome companies, its correlation with this specific industry is expected to be significant. Understanding PBE's correlation with its underlying sector is crucial for investors looking to gain exposure to biotechnological advancements and genetic research. To analyze and delve deeper into PBE's correlations with other assets and sectors, investors can utilize our tool, ETF Insider, offering a user-friendly web app with insightful data visualization, thereby aiding in identifying potential overlaps and investment opportunities within the biotechnology and genome industry.
PBE SECTOR
The Invesco Dynamic Biotechnology &Genome ETF (PBE) is predominantly involved in the biotechnology and genome industry. This sector focuses on companies engaged in research, development, manufacturing, marketing, and distribution of biotechnological products and services, benefitting from advancements in biotechnology and genetic engineering. PBE's portfolio includes biopharmaceutical firms, outsourced services providers, and companies offering scientific products for research and analysis. With a concentration in this innovative industry, PBE offers investors exposure to the potential growth and technological advancements within the biotech and genome sector.
PBE EXPOSURE
The Invesco Dynamic Biotechnology &Genome ETF (PBE) focuses on providing exposure to the biotechnology and genome industry in the United States. This ETF aims to capture the growth potential of companies engaged in biotechnological research, development, manufacturing, marketing, and distribution of various biotechnological products and services. As of its last available data, the fund's portfolio comprised 30 constituents, ranging from small to large market capitalizations, reflecting its dedication to this specialized sector.