Kingsview Wealth Management LLC Makes New Investment in Invesco Food & Beverage ETF $PBJ

Kingsview Wealth Management LLC bought a new stake in shares of Invesco Food & Beverage ETF (NYSEARCA:PBJ) during the 3rd quarter, HoldingsChannel.com reports. The firm bought 347,923 shares of the company’s stock, valued at approximately $15,956,000. Kingsview Wealth Management LLC owned 0.15% of Invesco Food & Beverage ETF at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of PBJ. Jones Financial Companies Lllp grew its holdings in shares of Invesco Food & Beverage ETF by 231.6% during the first quarter. Jones Financial Companies Lllp now owns 2,789 shares of the company’s stock valued at $128,000 after buying an additional 1,948 shares in the last quarter. Royal Bank of Canada lifted its stake in Invesco Food & Beverage ETF by 21.4% in the 1st quarter. Royal Bank of Canada now owns 18,163 shares of the company’s stock worth $835,000 after acquiring an additional 3,207 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in Invesco Food & Beverage ETF by 40.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 22,290 shares of the company’s stock worth $1,055,000 after acquiring an additional 6,445 shares during the period. Goldman Sachs Group Inc. grew its stake 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 valued at $1,852,000 after acquiring an additional 9,811 shares in the last quarter. Finally, Howe & Rusling Inc. grew its stake in Invesco Food & Beverage ETF by 4.6% during the 2nd quarter. Howe & Rusling Inc. now owns 49,099 shares of the company’s stock valued at $2,323,000 after acquiring an additional 2,167 shares in the last quarter.

Invesco Food & Beverage ETF Price Performance

Shares of PBJ opened at $50.97 on Monday. The business’s 50-day moving average is $47.50 and its 200-day moving average is $46.30. The company has a market capitalization of $105.51 million, a price-to-earnings ratio of 19.85 and a beta of 0.56. Invesco Food & Beverage ETF has a fifty-two week low of $42.57 and a fifty-two week high of $51.07.

Invesco Food & Beverage ETF 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.