Invesco Food & Beverage ETF (NYSEARCA:PBJ) Trading Down 0.8% – What’s Next?

Shares of Invesco Food & Beverage ETF (NYSEARCA:PBJ) traded down 0.8% during mid-day trading on Monday . The company traded as low as $46.17 and last traded at $46.17. 19,448 shares were traded during mid-day trading, an increase of 16% from the average daily volume of 16,774 shares. The stock had previously closed at $46.53.

Invesco Food & Beverage ETF Stock Down 0.8%

The firm has a market cap of $86.80 million, a P/E ratio of 19.85 and a beta of 0.48. The firm’s 50-day moving average price is $48.53 and its 200 day moving average price is $47.96.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of PBJ. Sound Income Strategies LLC acquired a new position in Invesco Food & Beverage ETF during the 4th quarter valued at about $40,000. Parallel Advisors LLC increased its holdings in shares of Invesco Food & Beverage ETF by 139.1% in the first quarter. Parallel Advisors LLC now owns 985 shares of the company’s stock valued at $48,000 after buying an additional 573 shares in the last quarter. Advisory Services Network LLC acquired a new stake in shares of Invesco Food & Beverage ETF during the third quarter worth $80,000. Kestra Advisory Services LLC purchased a new stake in Invesco Food & Beverage ETF during the fourth quarter valued at about $83,000. Finally, Jones Financial Companies Lllp lifted its position in shares of Invesco Food & Beverage ETF by 231.6% in the 1st quarter. Jones Financial Companies Lllp now owns 2,789 shares of the company’s stock valued at $128,000 after acquiring an additional 1,948 shares in the last quarter.

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.