Invesco Food & Beverage ETF (NYSEARCA:PBJ) Trading 0.4% Higher – Here’s Why

Invesco Food & Beverage ETF (NYSEARCA:PBJ) was up 0.4% during trading on Monday . The company traded as high as $45.77 and last traded at $45.69. Approximately 7,715 shares changed hands during trading, a decline of 37% from the average daily volume of 12,261 shares. The stock had previously closed at $45.49.

Invesco Food & Beverage ETF Stock Performance

The firm has a market cap of $102.80 million, a P/E ratio of 19.85 and a beta of 0.56. The firm’s fifty day moving average price is $44.70 and its 200 day moving average price is $46.44.

Hedge Funds Weigh In On Invesco Food & Beverage ETF

A number of large investors have recently bought and sold shares of the business. Russell Investments Group Ltd. purchased a new stake in Invesco Food & Beverage ETF during the first quarter worth $51,000. PNC Financial Services Group Inc. increased its holdings in shares of Invesco Food & Beverage ETF by 231.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,278 shares of the company’s stock valued at $59,000 after acquiring an additional 892 shares during the period. Advisory Services Network LLC bought a new position in shares of Invesco Food & Beverage ETF in the 3rd quarter worth $80,000. Jones Financial Companies Lllp raised its position in shares of Invesco Food & Beverage ETF by 231.6% in the 1st quarter. Jones Financial Companies Lllp now owns 2,789 shares of the company’s stock worth $128,000 after acquiring an additional 1,948 shares in the last quarter. Finally, Stratos Wealth Advisors LLC purchased a new stake in shares of Invesco Food & Beverage ETF during the 2nd quarter worth $242,000.

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.