Invesco Food & Beverage ETF (NYSEARCA:PBJ – Get Free Report) shares shot up 1.4% on Monday. The stock traded as high as $48.37 and last traded at $48.34. 7,747 shares traded hands during mid-day trading, a decline of 64% from the average session volume of 21,426 shares. The stock had previously closed at $47.69.
Invesco Food & Beverage ETF Stock Performance
The stock has a 50-day moving average of $46.91 and a 200 day moving average of $48.15. The firm has a market capitalization of $108.65 million, a P/E ratio of 19.85 and a beta of 0.49.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. Kestra Advisory Services LLC bought a new position in shares of Invesco Food & Beverage ETF during the 3rd quarter worth approximately $770,000. Commonwealth Equity Services LLC acquired a new stake in shares of Invesco Food & Beverage ETF in the third quarter valued at approximately $686,000. Mainsail Financial Group LLC lifted its position in shares of Invesco Food & Beverage ETF by 6.6% during the 3rd quarter. Mainsail Financial Group LLC now owns 135,423 shares of the company’s stock valued at $6,065,000 after acquiring an additional 8,380 shares during the period. Wedbush Securities Inc. acquired a new stake in Invesco Food & Beverage ETF during the third quarter worth about $393,000. Finally, Compass Financial Management LLC bought a new position in Invesco Food & Beverage ETF in the second quarter valued at approximately $224,000.
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. 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.
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