Invesco Food & Beverage ETF (NYSEARCA:PBJ) Shares Down 1.4% – Time to Sell?

Invesco Food & Beverage ETF (NYSEARCA:PBJ) fell 1.4% on Monday . The company traded as low as $45.91 and last traded at $45.91. Approximately 10,902 shares changed hands during trading, a decline of 48% from the average session volume of 20,816 shares. The stock had previously closed at $46.54.

Invesco Food & Beverage ETF Stock Performance

The stock has a market cap of $103.76 million, a price-to-earnings ratio of 19.85 and a beta of 0.48. The company’s 50 day simple moving average is $47.87 and its 200 day simple moving average is $48.29.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Parallel Advisors LLC increased its stake in Invesco Food & Beverage ETF by 139.1% in the 1st quarter. Parallel Advisors LLC now owns 985 shares of the company’s stock worth $48,000 after purchasing an additional 573 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in Invesco Food & Beverage ETF during the first quarter valued at about $202,000. Compass Financial Management LLC purchased a new stake in Invesco Food & Beverage ETF during the second quarter valued at about $224,000. Kestra Advisory Services LLC boosted its holdings in shares of Invesco Food & Beverage ETF by 720.5% in the first quarter. Kestra Advisory Services LLC now owns 15,154 shares of the company’s stock worth $742,000 after buying an additional 13,307 shares during the period. Finally, Howe & Rusling Inc. boosted its holdings in shares of Invesco Food & Beverage ETF by 1.5% in the first quarter. Howe & Rusling Inc. now owns 42,967 shares of the company’s stock worth $2,104,000 after buying an additional 640 shares during the period.

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. 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.