Invesco Food & Beverage ETF (NYSEARCA:PBJ – Get Free Report)’s share price passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $48.13 and traded as high as $48.37. Invesco Food & Beverage ETF shares last traded at $48.34, with a volume of 7,747 shares traded.
Invesco Food & Beverage ETF Stock Performance
The stock has a 50-day moving average of $46.91 and a two-hundred day moving average of $48.15. The company has a market cap of $108.65 million, a P/E ratio of 19.85 and a beta of 0.49.
Hedge Funds Weigh In On Invesco Food & Beverage ETF
Institutional investors and hedge funds have recently modified their holdings of the stock. Bank of America Corp DE boosted its stake in Invesco Food & Beverage ETF by 60.6% in the 1st quarter. Bank of America Corp DE now owns 84,716 shares of the company’s stock worth $4,148,000 after purchasing an additional 31,967 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in Invesco Food & Beverage ETF during the 3rd quarter valued at about $770,000. Commonwealth Equity Services LLC bought a new stake in Invesco Food & Beverage ETF during the 3rd quarter valued at about $686,000. Wedbush Securities Inc. bought a new stake in Invesco Food & Beverage ETF during the 3rd quarter valued at about $393,000. Finally, Mainsail Financial Group LLC raised its holdings in Invesco Food & Beverage ETF by 6.6% in the third quarter. Mainsail Financial Group LLC now owns 135,423 shares of the company’s stock worth $6,065,000 after buying an additional 8,380 shares during 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.
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