Invesco Food & Beverage ETF (NYSEARCA:PBJ) Stock Price Down 0.8% – Time to Sell?

Invesco Food & Beverage ETF (NYSEARCA:PBJ)’s share price was down 0.8% during trading on Monday . The company traded as low as $46.17 and last traded at $46.17. Approximately 19,448 shares traded hands during mid-day trading, an increase of 16% from the average daily volume of 16,774 shares. The stock had previously closed at $46.53.

Invesco Food & Beverage ETF Trading Up 0.7%

The firm’s 50 day simple moving average is $48.47 and its 200-day simple moving average is $47.97. The stock has a market capitalization of $88.77 million, a price-to-earnings ratio of 19.85 and a beta of 0.48.

Institutional Trading of Invesco Food & Beverage ETF

A number of large investors have recently added to or reduced their stakes in PBJ. Kingsview Wealth Management LLC bought a new stake in shares of Invesco Food & Beverage ETF during the third quarter worth approximately $15,956,000. Mainsail Financial Group LLC raised its holdings in shares of Invesco Food & Beverage ETF by 3.6% during the 4th quarter. Mainsail Financial Group LLC now owns 100,150 shares of the company’s stock worth $4,487,000 after buying an additional 3,505 shares in the last quarter. Bank of America Corp DE raised its stake in Invesco Food & Beverage ETF by 60.6% during the first quarter. Bank of America Corp DE now owns 84,716 shares of the company’s stock worth $4,148,000 after acquiring an additional 31,967 shares in the last quarter. Royal Bank of Canada increased its position in Invesco Food & Beverage ETF by 75.9% during the 4th quarter. Royal Bank of Canada now owns 53,648 shares of the company’s stock worth $2,404,000 after purchasing an additional 23,142 shares in the last quarter. Finally, Howe & Rusling Inc. increased its holdings in shares of Invesco Food & Beverage ETF by 1.5% during 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 in the last quarter.

About Invesco Food & Beverage ETF

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.