Kestra Advisory Services LLC Purchases 13,307 Shares of Invesco Food & Beverage ETF $PBJ

Kestra Advisory Services LLC grew its position in shares of Invesco Food & Beverage ETF (NYSEARCA:PBJ) by 720.5% in the first quarter, HoldingsChannel reports. The fund owned 15,154 shares of the company’s stock after acquiring an additional 13,307 shares during the period. Kestra Advisory Services LLC’s holdings in Invesco Food & Beverage ETF were worth $742,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Sound Income Strategies LLC bought a new stake in shares of Invesco Food & Beverage ETF in the fourth quarter worth $40,000. Advisory Services Network LLC bought a new position in Invesco Food & Beverage ETF in the third quarter valued at $80,000. Jones Financial Companies Lllp increased its stake 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 valued at $128,000 after buying an additional 1,948 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in Invesco Food & Beverage ETF in the 1st quarter valued at $202,000. Finally, IHT Wealth Management LLC acquired a new stake in Invesco Food & Beverage ETF in the 4th quarter valued at $248,000.

Invesco Food & Beverage ETF Price Performance

Invesco Food & Beverage ETF stock opened at $47.93 on Friday. The firm has a 50-day moving average of $47.90 and a 200-day moving average of $48.42. Invesco Food & Beverage ETF has a one year low of $42.69 and a one year high of $51.07. The company has a market cap of $108.32 million, a price-to-earnings ratio of 19.85 and a beta of 0.48.

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. 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.