Invesco Leisure and Entertainment ETF (NYSEARCA:PEJ) Trading 2.5% Higher – Should You Buy?

Invesco Leisure and Entertainment ETF (NYSEARCA:PEJ) shares traded up 2.5% during trading on Friday . The company traded as high as $67.62 and last traded at $67.62. Approximately 26,357 shares were traded during trading, a decline of 29% from the average session volume of 37,075 shares. The stock had previously closed at $65.99.

Invesco Leisure and Entertainment ETF Stock Up 2.5%

The firm has a market capitalization of $271.83 million, a P/E ratio of 20.24 and a beta of 1.08. The business’s 50 day moving average is $62.36 and its two-hundred day moving average is $61.10.

Institutional Investors Weigh In On Invesco Leisure and Entertainment ETF

A number of institutional investors have recently added to or reduced their stakes in PEJ. Northwestern Mutual Wealth Management Co. increased its position in shares of Invesco Leisure and Entertainment ETF by 2,889.3% during the 4th 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 period. Gateway Wealth Partners LLC lifted its holdings in shares of Invesco Leisure and Entertainment ETF by 105.4% in the first quarter. Gateway Wealth Partners LLC now owns 10,594 shares of the company’s stock valued at $614,000 after buying an additional 5,437 shares during the period. Fifth Third Bancorp acquired a new stake in shares of Invesco Leisure and Entertainment ETF in the first quarter valued at $64,000. SHP Wealth Management bought a new position in Invesco Leisure and Entertainment ETF during the fourth quarter valued at about $42,000. Finally, Prudential PLC grew its holdings in Invesco Leisure and Entertainment ETF by 8.1% during the fourth quarter. Prudential PLC now owns 98,600 shares of the company’s stock worth $6,047,000 after acquiring an additional 7,400 shares during the period.

About Invesco Leisure and Entertainment ETF

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.