Invesco Food & Beverage ETF (NYSEARCA:PBJ) Stock Price Down 1.2% – Time to Sell?

Invesco Food & Beverage ETF (NYSEARCA:PBJ) shares fell 1.2% during trading on Friday . The stock traded as low as $47.76 and last traded at $47.78. 9,905 shares changed hands during mid-day trading, a decline of 46% from the average session volume of 18,176 shares. The stock had previously closed at $48.34.

Invesco Food & Beverage ETF Price Performance

The company has a market cap of $89.83 million, a PE ratio of 19.85 and a beta of 0.50. The company has a 50-day moving average of $49.01 and a 200 day moving average of $47.59.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in PBJ. Kingsview Wealth Management LLC purchased a new position in shares of Invesco Food & Beverage ETF during the third quarter valued at approximately $15,956,000. Parallel Advisors LLC boosted its position in shares of Invesco Food & Beverage ETF by 139.1% during the first quarter. Parallel Advisors LLC now owns 985 shares of the company’s stock valued at $48,000 after buying an additional 573 shares during the period. Kestra Advisory Services LLC boosted its position in shares of Invesco Food & Beverage ETF by 720.5% during the first quarter. Kestra Advisory Services LLC now owns 15,154 shares of the company’s stock valued at $742,000 after buying an additional 13,307 shares during the period. IHT Wealth Management LLC purchased a new position in shares of Invesco Food & Beverage ETF during the fourth quarter valued at approximately $248,000. Finally, Cetera Investment Advisers boosted its position in shares of Invesco Food & Beverage ETF by 83.7% during the fourth quarter. Cetera Investment Advisers now owns 15,469 shares of the company’s stock valued at $693,000 after buying an additional 7,047 shares during the period.

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.