Invesco Food & Beverage ETF (NYSEARCA:PBJ) Trading Down 0.2%

Shares of Invesco Food & Beverage ETF (NYSEARCA:PBJGet Free Report) traded down 0.2% during trading on Wednesday . The stock traded as low as $45.41 and last traded at $45.45. 8,378 shares traded hands during mid-day trading, a decline of 49% from the average session volume of 16,504 shares. The stock had previously closed at $45.55.

Invesco Food & Beverage ETF Price Performance

The stock’s 50 day simple moving average is $47.19 and its two-hundred day simple moving average is $46.40. The stock has a market capitalization of $121.29 million, a PE ratio of 18.56 and a beta of 0.55.

Hedge Funds Weigh In On Invesco Food & Beverage ETF

Several institutional investors have recently bought and sold shares of PBJ. Janney Montgomery Scott LLC bought a new position in Invesco Food & Beverage ETF during the first quarter valued at $204,000. Private Advisor Group LLC lifted its position in shares of Invesco Food & Beverage ETF by 7.7% during the 1st quarter. Private Advisor Group LLC now owns 10,319 shares of the company’s stock valued at $503,000 after buying an additional 734 shares during the last quarter. Mainsail Financial Group LLC lifted its position in shares of Invesco Food & Beverage ETF by 3.6% during the 1st quarter. Mainsail Financial Group LLC now owns 60,755 shares of the company’s stock valued at $2,960,000 after buying an additional 2,125 shares during the last quarter. Avantax Advisory Services Inc. grew its stake in shares of Invesco Food & Beverage ETF by 49.8% during the 4th quarter. Avantax Advisory Services Inc. now owns 37,177 shares of the company’s stock worth $1,705,000 after acquiring an additional 12,362 shares during the period. Finally, Principal Securities Inc. purchased a new stake in Invesco Food & Beverage ETF in the 4th quarter worth about $708,000.

About Invesco Food & Beverage ETF

(Get Free Report)

PowerShares Dynamic Food & Beverage Portfolio (the Fund) is based on the Dynamic Food & Beverage Intellidex Index (Index). The Fund seeks investment results that generally correspond to the price and yield of the Index. The Fund will normally invest at least 90% of its total assets in common stocks that consists of the Index.

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