Mainsail Financial Group LLC Boosts Stock Position in Invesco Food & Beverage ETF (NYSEARCA:PBJ)

Mainsail Financial Group LLC boosted its holdings in shares of Invesco Food & Beverage ETF (NYSEARCA:PBJ) by 5.6% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 87,008 shares of the company’s stock after purchasing an additional 4,633 shares during the quarter. Invesco Food & Beverage ETF makes up approximately 2.3% of Mainsail Financial Group LLC’s holdings, making the stock its 16th largest holding. Mainsail Financial Group LLC owned about 4.27% of Invesco Food & Beverage ETF worth $4,000,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of PBJ. Transce3nd LLC acquired a new position in shares of Invesco Food & Beverage ETF in the 4th quarter worth approximately $37,000. Jones Financial Companies Lllp grew its position in shares of Invesco Food & Beverage ETF by 406.6% in the 4th quarter. Jones Financial Companies Lllp now owns 841 shares of the company’s stock worth $39,000 after acquiring an additional 675 shares in the last quarter. Prosperity Consulting Group LLC grew its position in shares of Invesco Food & Beverage ETF by 4.3% in the 4th quarter. Prosperity Consulting Group LLC now owns 13,910 shares of the company’s stock worth $646,000 after acquiring an additional 579 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of Invesco Food & Beverage ETF by 1.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 18,878 shares of the company’s stock worth $877,000 after acquiring an additional 262 shares in the last quarter. Finally, Tocqueville Asset Management L.P. acquired a new position in shares of Invesco Food & Beverage ETF in the 4th quarter worth approximately $1,611,000.

Invesco Food & Beverage ETF Trading Down 1.1%

Shares of PBJ opened at $47.02 on Wednesday. The firm has a market cap of $101.09 million, a price-to-earnings ratio of 20.32 and a beta of 0.61. The stock has a 50 day moving average of $46.79 and a 200-day moving average of $46.88. Invesco Food & Beverage ETF has a 52 week low of $42.57 and a 52 week high of $49.27.

About Invesco Food & Beverage ETF

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.