Invesco Food & Beverage ETF (NYSEARCA:PBJ) Trading Up 0.7% – What’s Next?

Invesco Food & Beverage ETF (NYSEARCA:PBJ)’s share price rose 0.7% during mid-day trading on Monday . The stock traded as high as $46.69 and last traded at $46.69. Approximately 3,699 shares traded hands during mid-day trading, a decline of 50% from the average daily volume of 7,400 shares. The stock had previously closed at $46.37.

Invesco Food & Beverage ETF Stock Up 0.3 %

The stock has a market cap of $126.47 million, a P/E ratio of 18.56 and a beta of 0.55. The firm’s fifty day moving average price is $47.45 and its 200-day moving average price is $47.02.

Institutional Trading of Invesco Food & Beverage ETF

Hedge funds have recently modified their holdings of the business. Kingsview Wealth Management LLC bought a new stake in shares of Invesco Food & Beverage ETF during the 3rd quarter valued at $6,775,000. Mainsail Financial Group LLC raised its position in shares of Invesco Food & Beverage ETF by 5.2% in the 3rd quarter. Mainsail Financial Group LLC now owns 79,132 shares of the company’s stock worth $3,740,000 after purchasing an additional 3,936 shares during the last quarter. Finally, Howe & Rusling Inc. raised its position in shares of Invesco Food & Beverage ETF by 0.5% in the 3rd quarter. Howe & Rusling Inc. now owns 47,222 shares of the company’s stock worth $2,283,000 after purchasing an additional 222 shares during the last quarter.

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.