Invesco Leisure and Entertainment ETF (NYSEARCA:PEJ – Get Free Report) shares were down 0.5% during mid-day trading on Wednesday . The company traded as low as $65.05 and last traded at $65.24. 49,081 shares changed hands during mid-day trading, an increase of 30% from the average session volume of 37,735 shares. The stock had previously closed at $65.59.
Invesco Leisure and Entertainment ETF Trading Down 0.5%
The company has a market capitalization of $253.13 million, a P/E ratio of 20.24 and a beta of 1.06. The company has a 50 day moving average price of $64.21 and a 200 day moving average price of $61.70.
Hedge Funds Weigh In On Invesco Leisure and Entertainment ETF
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Kwmg LLC boosted its position in Invesco Leisure and Entertainment ETF by 3.3% during the second quarter. Kwmg LLC now owns 40,693 shares of the company’s stock worth $2,709,000 after purchasing an additional 1,287 shares during the period. Royal Bank of Canada raised its position in shares of Invesco Leisure and Entertainment ETF by 45.3% in the first quarter. Royal Bank of Canada now owns 14,572 shares of the company’s stock valued at $844,000 after purchasing an additional 4,546 shares during the period. Gateway Wealth Partners LLC raised its position in shares of Invesco Leisure and Entertainment ETF by 105.4% in the first quarter. Gateway Wealth Partners LLC now owns 10,594 shares of the company’s stock valued at $614,000 after purchasing an additional 5,437 shares during the period. Fifth Third Bancorp bought a new position in shares of Invesco Leisure and Entertainment ETF in the first quarter valued at about $64,000. Finally, SHP Wealth Management acquired a new stake in shares of Invesco Leisure and Entertainment ETF during the 4th quarter worth about $42,000.
About Invesco Leisure and Entertainment ETF
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.
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