Invesco Food & Beverage ETF (NYSEARCA:PBJ) Trading Down 1.4% – Time to Sell?

Invesco Food & Beverage ETF (NYSEARCA:PBJ)’s stock price fell 1.4% on Monday . The stock traded as low as $45.91 and last traded at $45.91. 10,902 shares traded hands during trading, a decline of 48% from the average session volume of 20,816 shares. The stock had previously closed at $46.54.

Invesco Food & Beverage ETF Trading Down 1.4%

The company has a market cap of $103.76 million, a price-to-earnings ratio of 19.85 and a beta of 0.48. The business has a fifty day moving average price of $47.87 and a two-hundred day moving average price of $48.29.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Parallel Advisors LLC increased its position in Invesco Food & Beverage ETF by 139.1% during the first quarter. Parallel Advisors LLC now owns 985 shares of the company’s stock worth $48,000 after acquiring an additional 573 shares during the period. Howe & Rusling Inc. boosted its holdings in Invesco Food & Beverage ETF by 1.5% in the 1st quarter. Howe & Rusling Inc. now owns 42,967 shares of the company’s stock valued at $2,104,000 after purchasing an additional 640 shares during the period. Janney Montgomery Scott LLC bought a new stake in Invesco Food & Beverage ETF in the 1st quarter valued at $202,000. Compass Financial Management LLC acquired a new stake in Invesco Food & Beverage ETF in the 2nd quarter worth $224,000. Finally, Kestra Advisory Services LLC increased its holdings in shares of Invesco Food & Beverage ETF by 720.5% during the 1st quarter. Kestra Advisory Services LLC now owns 15,154 shares of the company’s stock worth $742,000 after purchasing an additional 13,307 shares during the period.

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.