Is Invesco Leisure and Entertainment ETF (PEJ) a Strong ETF Right Now?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 22 2024
0mins
Source: NASDAQ.COM
- Invesco Leisure and Entertainment ETF (PEJ): Launched in 2005, this smart beta exchange-traded fund offers broad exposure to the Consumer Discretionary ETFs category.
- Smart Beta ETFs: These funds track non-cap weighted strategies based on specific fundamental characteristics for stock selection aiming at better risk-return performance.
- Fund Sponsor & Index: Managed by Invesco, PEJ seeks to match the Dynamic Leisure & Entertainment Intellidex Index's performance, focusing on U.S. leisure and entertainment companies.
- Cost & Other Expenses: With an expense ratio of 0.58%, PEJ has a 12-month trailing dividend yield of 0.50% and operating expenses that are competitive within its space.
- Sector Exposure and Top Holdings: The fund has a significant allocation to the Consumer Discretionary sector, with top holdings like Royal Caribbean Cruises Ltd, Doordash Inc, and Live Nation Entertainment Inc.
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Analyst Views on RCL
Wall Street analysts forecast RCL stock price to rise
16 Analyst Rating
12 Buy
4 Hold
0 Sell
Strong Buy
Current: 273.390
Low
275.00
Averages
327.80
High
400.00
Current: 273.390
Low
275.00
Averages
327.80
High
400.00
About RCL
Royal Caribbean Cruises Ltd. is a cruise company, which owns and operates three global cruise brands: Royal Caribbean, Celebrity Cruises and Silversea Cruises. It also has an interest in TUI Cruises GmbH, which operates the German brands TUI Cruises and Hapag-Lloyd Cruises. Its ships offer a selection of worldwide itineraries that call on approximately 1,000 destinations on all seven continents. Royal Caribbean offers cruises and land destinations that generally feature a casual ambiance, as well as a variety of activities and entertainment venues. Celebrity Cruises offers a range of itineraries to destinations, including Alaska, Asia, Australia, Bermuda, Canada, the Caribbean, Europe, the Galapagos Islands, Hawaii, New Zealand, the Panama Canal and South America, with cruise lengths ranging from three to 14 nights. It also offers a range of private land destinations through Perfect Day at CocoCay and Royal Beach Club collection.
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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