Kestra Advisory Services LLC Has $742,000 Stock Position in Invesco Food & Beverage ETF $PBJ

Kestra Advisory Services LLC boosted its position in shares of Invesco Food & Beverage ETF (NYSEARCA:PBJ) by 720.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,154 shares of the company’s stock after purchasing an additional 13,307 shares during the period. Kestra Advisory Services LLC owned about 0.81% of Invesco Food & Beverage ETF worth $742,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PBJ. Mainsail Financial Group LLC increased its holdings in shares of Invesco Food & Beverage ETF by 3.6% during the fourth quarter. Mainsail Financial Group LLC now owns 100,150 shares of the company’s stock worth $4,487,000 after buying an additional 3,505 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Invesco Food & Beverage ETF by 83.1% in the second quarter. Bank of America Corp DE now owns 77,833 shares of the company’s stock valued at $3,683,000 after acquiring an additional 35,327 shares during the last quarter. Royal Bank of Canada boosted its holdings in shares of Invesco Food & Beverage ETF by 75.9% in the 4th quarter. Royal Bank of Canada now owns 53,648 shares of the company’s stock worth $2,404,000 after acquiring an additional 23,142 shares in the last quarter. Howe & Rusling Inc. grew its position in Invesco Food & Beverage ETF by 1.5% during the 1st quarter. Howe & Rusling Inc. now owns 42,967 shares of the company’s stock worth $2,104,000 after acquiring an additional 640 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in Invesco Food & Beverage ETF by 32.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 40,282 shares of the company’s stock worth $1,852,000 after acquiring an additional 9,811 shares during the last quarter.

Invesco Food & Beverage ETF Price Performance

PBJ stock opened at $47.93 on Friday. The business has a fifty day moving average price of $47.90 and a 200 day moving average price of $48.42. Invesco Food & Beverage ETF has a fifty-two week low of $42.69 and a fifty-two week high of $51.07. The stock has a market capitalization of $108.32 million, a price-to-earnings ratio of 19.85 and a beta of 0.48.

Invesco Food & Beverage ETF Company Profile

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. The Index is designed to provide capital appreciation by evaluating companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investment timeliness and risk factors.