Invesco Leisure and Entertainment ETF (NYSEARCA:PEJ) Shares Up 1.6% – What’s Next?

Invesco Leisure and Entertainment ETF (NYSEARCA:PEJ) rose 1.6% on Wednesday . The stock traded as high as $68.52 and last traded at $68.50. 21,274 shares were traded during trading, a decline of 55% from the average session volume of 47,136 shares. The stock had previously closed at $67.40.

Invesco Leisure and Entertainment ETF Stock Performance

The stock has a market capitalization of $258.93 million, a PE ratio of 20.24 and a beta of 1.07. The business’s 50-day moving average is $65.96 and its two-hundred day moving average is $62.26.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Kwmg LLC lifted its position in Invesco Leisure and Entertainment ETF by 3.3% in the second quarter. Kwmg LLC now owns 40,693 shares of the company’s stock valued at $2,709,000 after purchasing an additional 1,287 shares during the period. Royal Bank of Canada increased its position in Invesco Leisure and Entertainment ETF by 45.3% during the 1st quarter. Royal Bank of Canada now owns 14,572 shares of the company’s stock worth $844,000 after purchasing an additional 4,546 shares during the period. Gateway Wealth Partners LLC raised its stake in shares of Invesco Leisure and Entertainment ETF by 105.4% during the 1st quarter. Gateway Wealth Partners LLC now owns 10,594 shares of the company’s stock worth $614,000 after buying an additional 5,437 shares in the last quarter. Fifth Third Bancorp purchased a new position in shares of Invesco Leisure and Entertainment ETF during the 1st quarter worth approximately $64,000. Finally, SHP Wealth Management purchased a new position in shares of Invesco Leisure and Entertainment ETF during the 4th quarter worth approximately $42,000.

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.