Invesco Leisure and Entertainment ETF (NYSEARCA:PEJ) Trading Down 1.4% – Should You Sell?

Invesco Leisure and Entertainment ETF (NYSEARCA:PEJ)’s stock price traded down 1.4% during trading on Wednesday . The stock traded as low as $61.15 and last traded at $61.49. Approximately 86,754 shares changed hands during mid-day trading, an increase of 78% from the average daily volume of 48,811 shares. The stock had previously closed at $62.37.

Invesco Leisure and Entertainment ETF Trading Down 1.4%

The company has a market capitalization of $356.03 million, a PE ratio of 20.24 and a beta of 1.06. The stock has a fifty day simple moving average of $65.81 and a 200-day simple moving average of $63.23.

Hedge Funds Weigh In On Invesco Leisure and Entertainment ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. SHP Wealth Management purchased a new position in shares of Invesco Leisure and Entertainment ETF in the 4th quarter valued at $42,000. Fifth Third Bancorp acquired a new position in Invesco Leisure and Entertainment ETF in the first quarter valued at $64,000. IFP Advisors Inc boosted its stake in Invesco Leisure and Entertainment ETF by 15.7% in the second quarter. IFP Advisors Inc now owns 1,862 shares of the company’s stock valued at $124,000 after acquiring an additional 252 shares in the last quarter. Gateway Wealth Partners LLC grew its holdings in shares of Invesco Leisure and Entertainment ETF by 105.4% during the first quarter. Gateway Wealth Partners LLC now owns 10,594 shares of the company’s stock worth $614,000 after purchasing an additional 5,437 shares during the last quarter. Finally, Royal Bank of Canada grew its holdings in shares of Invesco Leisure and Entertainment ETF by 45.3% during the first quarter. Royal Bank of Canada now owns 14,572 shares of the company’s stock worth $844,000 after purchasing an additional 4,546 shares during 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.