Invesco Building & Construction ETF

PKB

Market cap $284M

The Invesco Building & Construction ETF (PKB) made its debut on 10/26/2005, and is a smart beta exchange traded fund that provides broad exposure to the Industrials ETFs category of the market.

Launched on October 26, 2005, the Invesco Building & Construction ETF (PKB) is a passively managed exchange traded fund designed to provide a broad exposure to the Industrials - Engineering and Construction segment of the equity market.

PKB which leverages proprietary screeners to pick 30 building and construction stocks from the US is currently outperforming the key US indices by 10% on a YTD basis. The Intellidex methodology gauges price, earnings, quality, management actions, and value before arriving at a consummate score that is used to build the portfolio. PKB faces some structural drawbacks such as high churn, wide bid-asks, a concerning volatility profile, and an unappealing income profile.

Q3 earnings season kicks off with PEP and DAL -- sector ETFs like ITA, XLK, and XLF may gain, while CARZ, PKB and IYT could lag.

The Invesco Building & Construction ETF (PKB) made its debut on 10/26/2005, and is a smart beta exchange traded fund that provides broad exposure to the Industrials ETFs category of the market.

New home sales unexpectedly surged to their highest level in over 3.5 years in August. According to the Census Bureau, new home sales were at a seasonally adjusted annual rate of 800,000 last month.

Looking for broad exposure to the Industrials - Engineering and Construction segment of the equity market? You should consider the Invesco Building & Construction ETF (PKB), a passively managed exchange traded fund launched on October 26, 2005.

While the housing segment has struggled, some small green shoots are emerging. Mortgage rates remain elevated near the mid- to high-6% range, keeping many buyers on the sidelines.

New home sales inched down in July but still came in higher than expected. According to the Census Bureau, new home sales were at a seasonally adjusted annual rate of 652,000 last month.

U.S. equity markets notched another series of record highs this week, surging into the weekend after surprisingly dovish commentary from Federal Reserve Chair Powell, who hinted at imminent rate cuts. Powell used his final Jackson Hole speech as Fed Chair to deliver a clear policy pivot, an unexpected reversal after months of insistence that tariff-related inflation warranted a hawkish framework. Markets were equally relieved by the policy-focused nature of Powell's speech amid speculation that the address may be used instead as a potential defiant sermon on central bank independence.