Invesco Food & Beverage ETF (NYSEARCA:PBJ) Trading 0.7% Higher – Here’s Why

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

Invesco Food & Beverage ETF Trading Up 0.7 %

The firm has a market cap of $126.06 million, a price-to-earnings ratio of 18.56 and a beta of 0.55. The stock’s fifty day moving average price is $47.48 and its 200-day moving average price is $47.01.

Institutional Trading of Invesco Food & Beverage ETF

A number of institutional investors and hedge funds have recently bought and sold shares of PBJ. Howe & Rusling Inc. increased its holdings 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 worth $2,283,000 after purchasing an additional 222 shares during the period. Mainsail Financial Group LLC boosted its holdings 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 acquiring an additional 3,936 shares during the period. Finally, Kingsview Wealth Management LLC acquired a new stake in Invesco Food & Beverage ETF during the 3rd quarter worth $6,775,000.

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.