Invesco Leisure and Entertainment ETF (NYSEARCA:PEJ) Shares Down 0.5% – Time to Sell?

Invesco Leisure and Entertainment ETF (NYSEARCA:PEJ) fell 0.5% on Wednesday . The stock traded as low as $65.05 and last traded at $65.24. 49,081 shares traded hands during mid-day trading, an increase of 30% from the average session volume of 37,735 shares. The stock had previously closed at $65.59.

Invesco Leisure and Entertainment ETF Trading Up 1.3%

The stock has a 50 day moving average of $64.31 and a 200-day moving average of $61.73. The stock has a market capitalization of $253.56 million, a P/E ratio of 20.24 and a beta of 1.06.

Institutional Trading of Invesco Leisure and Entertainment ETF

A number of large investors have recently made changes to their positions in PEJ. Royal Bank of Canada boosted its position in Invesco Leisure and Entertainment ETF by 301.1% in the 1st quarter. Royal Bank of Canada now owns 81,098 shares of the company’s stock valued at $3,946,000 after buying an additional 60,881 shares during the period. Jones Financial Companies Lllp increased its position in shares of Invesco Leisure and Entertainment ETF by 83.3% during the first quarter. Jones Financial Companies Lllp now owns 9,172 shares of the company’s stock worth $446,000 after acquiring an additional 4,167 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Invesco Leisure and Entertainment ETF by 493.7% during the first quarter. Goldman Sachs Group Inc. now owns 185,696 shares of the company’s stock valued at $9,034,000 after acquiring an additional 154,420 shares in the last quarter. Walleye Capital LLC bought a new stake in shares of Invesco Leisure and Entertainment ETF during the second quarter valued at approximately $200,000. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Invesco Leisure and Entertainment ETF by 18.9% in the second quarter. Ameriprise Financial Inc. now owns 17,410 shares of the company’s stock valued at $991,000 after purchasing an additional 2,770 shares during the period.

Invesco Leisure and Entertainment ETF Company Profile

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.