Invesco Leisure and Entertainment ETF (NYSEARCA:PEJ) Shares Up 0.3% – Still a Buy?

Shares of Invesco Leisure and Entertainment ETF (NYSEARCA:PEJ) shot up 0.3% on Wednesday . The company traded as high as $62.14 and last traded at $62.11. 20,933 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 68,168 shares. The stock had previously closed at $61.91.

Invesco Leisure and Entertainment ETF Trading Up 0.3%

The firm has a market capitalization of $354.65 million, a P/E ratio of 20.24 and a beta of 1.23. The stock has a 50 day simple moving average of $59.13 and a 200-day simple moving average of $58.58.

Institutional Trading of Invesco Leisure and Entertainment ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. boosted its stake in shares of Invesco Leisure and Entertainment ETF by 741.1% during the 1st quarter. Raymond James Financial Inc. now owns 211,866 shares of the company’s stock worth $10,307,000 after acquiring an additional 186,676 shares during the last quarter. Royal Bank of Canada lifted its position in Invesco Leisure and Entertainment ETF by 301.1% during the first quarter. Royal Bank of Canada now owns 81,098 shares of the company’s stock valued at $3,946,000 after purchasing an additional 60,881 shares in the last quarter. Jones Financial Companies Lllp lifted its position in Invesco Leisure and Entertainment ETF by 83.3% during the first quarter. Jones Financial Companies Lllp now owns 9,172 shares of the company’s stock valued at $446,000 after purchasing an additional 4,167 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Invesco Leisure and Entertainment ETF by 493.7% during the first quarter. Goldman Sachs Group Inc. now owns 185,696 shares of the company’s stock valued at $9,034,000 after purchasing an additional 154,420 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in Invesco Leisure and Entertainment ETF during the second quarter valued at about $91,000.

Invesco Leisure and Entertainment ETF Company Profile

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. The Index consists of stocks of 30 United States leisure and entertainment companies.