Is Invesco Biotechnology & Genome ETF (PBE) a Strong ETF Right Now?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 11 2024
0mins
Should l Buy ILMN?
Source: NASDAQ.COM
Invesco Biotechnology & Genome ETF Overview: Launched in 2005, the Invesco Biotechnology & Genome ETF (PBE) focuses on the Health Care sector, utilizing a smart beta strategy to potentially outperform traditional market cap weighted ETFs. It has approximately $263.21 million in assets and an expense ratio of 0.58%.
Performance and Alternatives: PBE has shown a gain of about 15.99% over the past year, but it carries higher risk with a beta of 0.80. Investors may also consider lower-cost alternatives like the iShares Biotechnology ETF (IBB) and SPDR S&P Biotech ETF (XBI), which have larger asset bases and lower expense ratios.
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Analyst Views on ILMN
Wall Street analysts forecast ILMN stock price to rise
13 Analyst Rating
4 Buy
6 Hold
3 Sell
Hold
Current: 114.440
Low
40.50
Averages
124.12
High
195.00
Current: 114.440
Low
40.50
Averages
124.12
High
195.00
About ILMN
Illumina, Inc. is engaged in providing sequencing-and array-based solutions for genetic and genomic analysis. Its products and services serve customers in a range of markets, enabling the adoption of genomic solutions in research and clinical settings. Its DNA sequencing technology is based on its reversible terminator-based sequencing chemistry, referred to as sequencing by synthesis biochemistry. Its BeadArray technology combines microscopic beads and a substrate in a manufacturing process to produce arrays that can perform many assays simultaneously. Its sequencing applications include whole-genome sequencing kits, which sequence entire genomes of any size and complexity, and targeted resequencing kits, which can sequence exomes, specific genes, RNA or other genomic regions of interest. Its customers include genomic research centers, academic institutions, government laboratories, hospitals, pharmaceutical, biotechnology, commercial molecular diagnostic laboratories, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Strong Debt Management: The company reduced its long-term debt by 4.7% in the same quarter, holding total debt of $10.8 billion against a net cash position of $11.49 billion, with cash reserves growing 26% year-over-year, indicating solid financial health.
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