Invesco Food & Beverage ETF (NYSEARCA:PBJ) Shares Up 0.4% – What’s Next?

Invesco Food & Beverage ETF (NYSEARCA:PBJ) rose 0.4% on Monday . The stock traded as high as $45.77 and last traded at $45.69. Approximately 7,715 shares traded hands during trading, a decline of 37% from the average daily volume of 12,261 shares. The stock had previously closed at $45.49.

Invesco Food & Beverage ETF Stock Up 0.3%

The company has a market cap of $102.65 million, a price-to-earnings ratio of 19.85 and a beta of 0.56. The business has a 50-day simple moving average of $44.69 and a two-hundred day simple moving average of $46.42.

Institutional Investors Weigh In On Invesco Food & Beverage ETF

A number of large investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. bought a new position in shares of Invesco Food & Beverage ETF in the first quarter valued at approximately $51,000. PNC Financial Services Group Inc. grew its stake in Invesco Food & Beverage ETF by 231.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,278 shares of the company’s stock valued at $59,000 after buying an additional 892 shares during the last quarter. Advisory Services Network LLC bought a new position in Invesco Food & Beverage ETF in the 3rd quarter worth $80,000. Jones Financial Companies Lllp raised its holdings in Invesco Food & Beverage ETF by 231.6% in the 1st quarter. Jones Financial Companies Lllp now owns 2,789 shares of the company’s stock worth $128,000 after acquiring an additional 1,948 shares during the period. Finally, Stratos Wealth Advisors LLC acquired a new position in Invesco Food & Beverage ETF during the 2nd quarter worth $242,000.

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.