Physician Wealth Advisors Inc. Invests $103,000 in Invesco Leisure and Entertainment ETF (NYSEARCA:PEJ)

Physician Wealth Advisors Inc. purchased a new position in shares of Invesco Leisure and Entertainment ETF (NYSEARCA:PEJ) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 1,966 shares of the company’s stock, valued at approximately $103,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Kingsview Wealth Management LLC acquired a new stake in Invesco Leisure and Entertainment ETF during the 4th quarter worth approximately $11,492,000. Wealthfront Advisers LLC acquired a new stake in shares of Invesco Leisure and Entertainment ETF during the fourth quarter worth $7,078,000. JPMorgan Chase & Co. grew its position in Invesco Leisure and Entertainment ETF by 92.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 135,083 shares of the company’s stock valued at $6,442,000 after buying an additional 64,983 shares during the last quarter. EWG Elevate Inc. acquired a new position in Invesco Leisure and Entertainment ETF in the 4th quarter valued at $1,611,000. Finally, LPL Financial LLC raised its position in Invesco Leisure and Entertainment ETF by 27.1% during the 4th quarter. LPL Financial LLC now owns 129,470 shares of the company’s stock worth $6,758,000 after buying an additional 27,622 shares during the last quarter.

Invesco Leisure and Entertainment ETF Stock Down 3.2 %

Shares of NYSEARCA:PEJ opened at $48.70 on Monday. Invesco Leisure and Entertainment ETF has a fifty-two week low of $41.20 and a fifty-two week high of $57.93. The firm’s 50-day simple moving average is $53.32 and its 200-day simple moving average is $51.81. The company has a market cap of $312.17 million, a price-to-earnings ratio of 20.66 and a beta of 1.34.

Invesco Leisure and Entertainment ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were given a dividend of $0.023 per share. This is a boost from Invesco Leisure and Entertainment ETF’s previous dividend of $0.01. The ex-dividend date of this dividend was Monday, March 24th.

About Invesco Leisure and Entertainment ETF

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.