Invesco Food & Beverage ETF (NYSEARCA:PBJ) Trading Up 0.7% – Here’s What Happened

Invesco Food & Beverage ETF (NYSEARCA:PBJ)’s stock price rose 0.7% on Monday . The company traded as high as $46.69 and last traded at $46.69. Approximately 3,699 shares were traded during trading, a decline of 50% from the average daily volume of 7,400 shares. The stock had previously closed at $46.37.

Invesco Food & Beverage ETF Stock Up 0.7 %

The firm’s 50 day moving average is $47.48 and its two-hundred day moving average is $47.01. The stock has a market cap of $126.06 million, a price-to-earnings ratio of 18.56 and a beta of 0.55.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Howe & Rusling Inc. boosted its stake in Invesco Food & Beverage ETF by 0.5% during the 3rd quarter. Howe & Rusling Inc. now owns 47,222 shares of the company’s stock valued at $2,283,000 after purchasing an additional 222 shares during the period. Mainsail Financial Group LLC increased its stake in shares of Invesco Food & Beverage ETF by 5.2% in the third quarter. Mainsail Financial Group LLC now owns 79,132 shares of the company’s stock valued at $3,740,000 after purchasing an additional 3,936 shares during the period. Finally, Kingsview Wealth Management LLC bought a new stake in shares of Invesco Food & Beverage ETF during the third quarter valued at approximately $6,775,000.

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.