5 Best Industrial ETFs

3. Invesco Dynamic Building & Construction ETF (NYSE:PKB)

5-Year Performance as of August 14: 81.07%

Invesco Dynamic Building & Construction ETF (NYSE:PKB) tracks the progress of the Dynamic Building & Construction Intellidex Index. This index is composed of 30 American building and construction stocks. Established on October 26, 2005, Invesco Dynamic Building & Construction ETF (NYSE:PKB) currently holds a portfolio of 31 stocks and features an expense ratio of 0.57% as of August 11, 2023. It is one of the best industrial ETFs to invest in. 

PulteGroup, Inc. (NYSE:PHM) is the top holding of Invesco Dynamic Building & Construction ETF (NYSE:PKB). It is primarily involved in the homebuilding sector within the United States. The company provides a range of home designs, encompassing single-family detached houses, townhomes, condominiums, and duplexes. On July 25, PulteGroup, Inc. (NYSE:PHM) reported a Q2 GAAP EPS of $3.21 and a revenue of $4.19 billion, outperforming Wall Street estimates by $0.71 and $170 million, respectively. 

According to Insider Monkey’s first quarter database, 36 hedge funds were long PulteGroup, Inc. (NYSE:PHM), compared to 30 funds in the last quarter. Harris Associates is the largest stakeholder of the company, with 5.7 million shares worth roughly $335 million. 

Here is what Miller Value Partners specifically said about PulteGroup, Inc. (NYSE:PHM) in its Q2 2022 investor letter:

“Homebuilders and financials, the worst losers during the Financial Crisis crash, plummeted. Some homebuilders, like PulteGroup, Inc. (NYSE:PHM), traded down to half their financial crisis lows despite reporting housing improvements for the first time. Fear ruled in the short term, but fundamentals ultimately prevailed. Homebuilders were top performers in 2012 posting triple-digit increases in some cases. Opportunity Equity was a top performer that year.”