Invesco Leisure and Entertainment ETF (NYSEARCA:PEJ) Trading 1.6% Higher – Here’s What Happened

Invesco Leisure and Entertainment ETF (NYSEARCA:PEJ)’s stock price traded up 1.6% during mid-day trading on Wednesday . The stock traded as high as $68.52 and last traded at $68.50. Approximately 21,274 shares were traded during trading, a decline of 55% from the average daily volume of 47,136 shares. The stock had previously closed at $67.40.

Invesco Leisure and Entertainment ETF Price Performance

The company has a fifty day moving average of $66.09 and a 200-day moving average of $62.32. The firm has a market cap of $260.71 million, a P/E ratio of 20.24 and a beta of 1.07.

Hedge Funds Weigh In On Invesco Leisure and Entertainment ETF

Hedge funds have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Invesco Leisure and Entertainment ETF by 2,889.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 297,918 shares of the company’s stock valued at $18,271,000 after purchasing an additional 287,952 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Invesco Leisure and Entertainment ETF by 493.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 185,696 shares of the company’s stock worth $9,034,000 after purchasing an additional 154,420 shares in the last quarter. Royal Bank of Canada increased its stake in Invesco Leisure and Entertainment ETF by 301.1% in the 1st quarter. Royal Bank of Canada now owns 81,098 shares of the company’s stock valued at $3,946,000 after buying an additional 60,881 shares during the last quarter. Tower Research Capital LLC TRC purchased a new stake in Invesco Leisure and Entertainment ETF in the 3rd quarter valued at about $664,000. Finally, UBS Group AG increased its stake in Invesco Leisure and Entertainment ETF by 13.2% in the 3rd quarter. UBS Group AG now owns 75,752 shares of the company’s stock valued at $4,589,000 after buying an additional 8,822 shares during the last quarter.

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.