Invesco Food & Beverage ETF (NYSEARCA:PBJ) Stock Price Down 0.8% – What’s Next?

Invesco Food & Beverage ETF (NYSEARCA:PBJ)’s share price was down 0.8% during mid-day trading on Monday . The stock traded as low as $46.17 and last traded at $46.17. 19,448 shares traded hands during trading, an increase of 16% from the average daily volume of 16,774 shares. The stock had previously closed at $46.53.

Invesco Food & Beverage ETF Trading Down 0.8%

The company has a market capitalization of $86.80 million, a price-to-earnings ratio of 19.85 and a beta of 0.48. The stock has a 50-day simple moving average of $48.53 and a 200-day simple moving average of $47.96.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Kingsview Wealth Management LLC bought a new position in Invesco Food & Beverage ETF during the third quarter worth $15,956,000. Bank of America Corp DE lifted its holdings in shares of Invesco Food & Beverage ETF by 60.6% in the 1st quarter. Bank of America Corp DE now owns 84,716 shares of the company’s stock worth $4,148,000 after purchasing an additional 31,967 shares during the last quarter. Parallel Advisors LLC lifted its holdings in shares of Invesco Food & Beverage ETF by 139.1% in the 1st quarter. Parallel Advisors LLC now owns 985 shares of the company’s stock worth $48,000 after purchasing an additional 573 shares during the last quarter. Kestra Advisory Services LLC boosted its position in Invesco Food & Beverage ETF by 720.5% during the 1st quarter. Kestra Advisory Services LLC now owns 15,154 shares of the company’s stock valued at $742,000 after purchasing an additional 13,307 shares during the period. Finally, IHT Wealth Management LLC acquired a new position in Invesco Food & Beverage ETF during the 4th quarter valued at approximately $248,000.

About Invesco Food & Beverage ETF

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.