Royal Bank of Canada Reduces Holdings in Invesco Food & Beverage ETF $PBJ

Royal Bank of Canada lowered its stake in shares of Invesco Food & Beverage ETF (NYSEARCA:PBJ) by 80.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,262 shares of the company’s stock after selling 43,386 shares during the quarter. Royal Bank of Canada owned about 0.55% of Invesco Food & Beverage ETF worth $502,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Jones Financial Companies Lllp lifted its holdings in Invesco Food & Beverage ETF by 231.6% in the first quarter. Jones Financial Companies Lllp now owns 2,789 shares of the company’s stock worth $128,000 after buying an additional 1,948 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Invesco Food & Beverage ETF by 32.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 40,282 shares of the company’s stock worth $1,852,000 after acquiring an additional 9,811 shares during the period. Bank of America Corp DE raised its position in shares of Invesco Food & Beverage ETF by 83.1% in the 2nd quarter. Bank of America Corp DE now owns 77,833 shares of the company’s stock worth $3,683,000 after acquiring an additional 35,327 shares in the last quarter. Two Sigma Investments LP purchased a new position in shares of Invesco Food & Beverage ETF in the 3rd quarter valued at approximately $835,000. Finally, NewEdge Advisors LLC purchased a new position in shares of Invesco Food & Beverage ETF in the 3rd quarter valued at approximately $1,160,000.

Invesco Food & Beverage ETF Stock Down 0.6%

NYSEARCA PBJ opened at $48.71 on Wednesday. Invesco Food & Beverage ETF has a twelve month low of $42.69 and a twelve month high of $51.07. The firm has a market capitalization of $110.08 million, a PE ratio of 19.85 and a beta of 0.48. The stock’s 50 day moving average is $47.88 and its 200 day moving average is $48.66.

Invesco Food & Beverage ETF 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.