Invesco Food & Beverage ETF (NYSEARCA:PBJ) Stock Price Down 1.2% – Time to Sell?

Invesco Food & Beverage ETF (NYSEARCA:PBJ)’s stock price was down 1.2% during trading on Friday . The company traded as low as $47.76 and last traded at $47.78. Approximately 9,905 shares traded hands during mid-day trading, a decline of 46% from the average daily volume of 18,176 shares. The stock had previously closed at $48.34.

Invesco Food & Beverage ETF Stock Down 1.2%

The company has a market cap of $89.83 million, a P/E ratio of 19.85 and a beta of 0.50. The business’s 50 day moving average is $49.01 and its 200 day moving average is $47.59.

Hedge Funds Weigh In On Invesco Food & Beverage ETF

Large investors have recently made changes to their positions in the business. Kingsview Wealth Management LLC acquired a new position in shares of Invesco Food & Beverage ETF during the third quarter worth $15,956,000. Parallel Advisors LLC increased its position in shares of 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 purchasing an additional 573 shares in the last quarter. Kestra Advisory Services LLC increased its position in shares of Invesco Food & Beverage ETF by 720.5% during the first 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 in the last quarter. IHT Wealth Management LLC acquired a new position in shares of Invesco Food & Beverage ETF during the fourth quarter worth $248,000. Finally, Cetera Investment Advisers increased its position in shares of Invesco Food & Beverage ETF by 83.7% during the fourth quarter. Cetera Investment Advisers now owns 15,469 shares of the company’s stock worth $693,000 after purchasing an additional 7,047 shares in the last quarter.

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.