Invesco Leisure and Entertainment ETF (NYSEARCA:PEJ) Shares Down 1% – Here’s What Happened

Invesco Leisure and Entertainment ETF (NYSEARCA:PEJ)’s stock price dropped 1% on Thursday . The company traded as low as $59.79 and last traded at $59.99. Approximately 295,647 shares were traded during mid-day trading, an increase of 474% from the average daily volume of 51,471 shares. The stock had previously closed at $60.59.

Invesco Leisure and Entertainment ETF Stock Down 1.0%

The stock has a fifty day simple moving average of $61.19 and a 200-day simple moving average of $59.74. The company has a market capitalization of $250.76 million, a P/E ratio of 20.24 and a beta of 1.23.

Institutional Investors Weigh In On Invesco Leisure and Entertainment ETF

A number of hedge funds have recently added to or reduced their stakes in PEJ. Kwmg LLC raised its stake in shares of Invesco Leisure and Entertainment ETF by 0.6% in the fourth quarter. Kwmg LLC now owns 38,432 shares of the company’s stock worth $2,357,000 after acquiring an additional 215 shares during the last quarter. Quantum Portfolio Management LLC increased its holdings in shares of Invesco Leisure and Entertainment ETF by 5.0% in the second quarter. Quantum Portfolio Management LLC now owns 4,897 shares of the company’s stock valued at $279,000 after purchasing an additional 235 shares in the last quarter. Prospera Financial Services Inc increased its holdings in shares of Invesco Leisure and Entertainment ETF by 6.8% in the third quarter. Prospera Financial Services Inc now owns 7,116 shares of the company’s stock valued at $431,000 after purchasing an additional 450 shares in the last quarter. Qube Research & Technologies Ltd bought a new position in Invesco Leisure and Entertainment ETF in the 3rd quarter worth approximately $29,000. Finally, JPMorgan Chase & Co. lifted its holdings in Invesco Leisure and Entertainment ETF by 1.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 30,492 shares of the company’s stock worth $1,847,000 after buying an additional 492 shares in the last quarter.

Invesco Leisure and Entertainment ETF Company Profile

PowerShares Dynamic Leisure and Entertainment Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Leisure and Entertainment Intellidex Index (the Index). The Index is designed to provide capital appreciation by thoroughly evaluating companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investment timeliness and risk factors. The Index consists of stocks of 30 United States leisure and entertainment companies.