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AYX - PSJ: Strong Industry Fundamentals But Richly Valued Already
Alteryx Inc. Class A
ETF Overview
Invesco Dynamic Software ETF (PSJ) owns a portfolio of U.S. software stocks. The fund seeks to track the Dynamic Software Intellidex Index. Stocks in PSJ’s portfolio should continue to enjoy favorable industry fundamentals as the global software industry is set to grow at a rate of 5% annually in the next few decades. In addition, stocks in PSJ’s portfolio have a competitive position over its peers. However, these stocks appear to be more expensive than the S&P 500 Index. In addition, many are trading at P/E ratios above their own historical