Invesco Food & Beverage ETF (NYSEARCA:PBJ) Stock Price Up 0.4% – Here’s What Happened

Invesco Food & Beverage ETF (NYSEARCA:PBJ)’s stock price was up 0.4% during trading on Monday . The stock traded as high as $49.01 and last traded at $48.61. Approximately 11,513 shares changed hands during mid-day trading, a decline of 42% from the average daily volume of 19,704 shares. The stock had previously closed at $48.42.

Invesco Food & Beverage ETF Stock Performance

The company’s 50-day moving average price is $47.98 and its 200 day moving average price is $48.23. The stock has a market capitalization of $109.86 million, a P/E ratio of 19.85 and a beta of 0.48.

Institutional Trading of Invesco Food & Beverage ETF

Hedge funds have recently made changes to their positions in the business. Parallel Advisors LLC increased its position in shares of Invesco Food & Beverage ETF by 139.1% during the 1st quarter. Parallel Advisors LLC now owns 985 shares of the company’s stock valued at $48,000 after purchasing an additional 573 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Invesco Food & Beverage ETF by 60.6% in the first quarter. Bank of America Corp DE now owns 84,716 shares of the company’s stock valued at $4,148,000 after acquiring an additional 31,967 shares during the period. Kestra Advisory Services LLC raised its stake in shares of Invesco Food & Beverage ETF by 720.5% in the first quarter. Kestra Advisory Services LLC now owns 15,154 shares of the company’s stock valued at $742,000 after acquiring an additional 13,307 shares during the period. Howe & Rusling Inc. lifted its holdings in shares of Invesco Food & Beverage ETF by 1.5% in the 1st quarter. Howe & Rusling Inc. now owns 42,967 shares of the company’s stock worth $2,104,000 after acquiring an additional 640 shares during the last quarter. Finally, Janney Montgomery Scott LLC bought a new stake in shares of Invesco Food & Beverage ETF in the 1st quarter worth about $202,000.

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.