Invesco Leisure and Entertainment ETF (NYSEARCA:PEJ) Shares Down 1.4% – Here’s What Happened

Invesco Leisure and Entertainment ETF (NYSEARCA:PEJ)’s stock price dropped 1.4% during mid-day trading on Wednesday . The company traded as low as $61.15 and last traded at $61.49. Approximately 86,754 shares were traded during trading, an increase of 78% from the average session volume of 48,811 shares. The stock had previously closed at $62.37.

Invesco Leisure and Entertainment ETF Price Performance

The stock has a 50 day simple moving average of $65.81 and a two-hundred day simple moving average of $63.23. The company has a market cap of $356.03 million, a PE ratio of 20.24 and a beta of 1.06.

Institutional Trading of Invesco Leisure and Entertainment ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. IFP Advisors Inc raised its stake in shares of Invesco Leisure and Entertainment ETF by 15.7% during the second quarter. IFP Advisors Inc now owns 1,862 shares of the company’s stock worth $124,000 after purchasing an additional 252 shares during the last quarter. Kwmg LLC raised its position in Invesco Leisure and Entertainment ETF by 3.3% during the 2nd quarter. Kwmg LLC now owns 40,693 shares of the company’s stock worth $2,709,000 after buying an additional 1,287 shares during the last quarter. Royal Bank of Canada raised its position in Invesco Leisure and Entertainment ETF by 45.3% during the 1st quarter. Royal Bank of Canada now owns 14,572 shares of the company’s stock worth $844,000 after buying an additional 4,546 shares during the last quarter. Gateway Wealth Partners LLC lifted its stake in shares of Invesco Leisure and Entertainment ETF by 105.4% in the 1st quarter. Gateway Wealth Partners LLC now owns 10,594 shares of the company’s stock worth $614,000 after acquiring an additional 5,437 shares during the period. Finally, Fifth Third Bancorp purchased a new stake in shares of Invesco Leisure and Entertainment ETF in the first quarter valued at about $64,000.

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.