Invesco Food & Beverage ETF (NYSEARCA:PBJ) Trading Up 0.4% – Still a Buy?

Invesco Food & Beverage ETF (NYSEARCA:PBJ) traded up 0.4% on Monday . The stock traded as high as $49.01 and last traded at $48.61. 11,513 shares were traded during trading, a decline of 42% from the average daily volume of 19,704 shares. The stock had previously closed at $48.42.

Invesco Food & Beverage ETF Stock Performance

The firm has a market capitalization of $109.21 million, a PE ratio of 19.85 and a beta of 0.48. The company has a fifty day moving average price of $47.94 and a 200-day moving average price of $48.25.

Hedge Funds Weigh In On Invesco Food & Beverage ETF

Institutional investors have recently bought and sold shares of the business. Parallel Advisors LLC lifted its holdings in shares of 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 buying an additional 573 shares during the period. Howe & Rusling Inc. increased its stake 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 valued at $2,104,000 after buying an additional 640 shares during the period. Sound Income Strategies LLC purchased a new position in shares of Invesco Food & Beverage ETF during the fourth quarter valued at $40,000. Commonwealth Equity Services LLC raised its holdings in shares of Invesco Food & Beverage ETF by 10.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 17,976 shares of the company’s stock valued at $805,000 after acquiring an additional 1,740 shares in the last quarter. Finally, Advisory Services Network LLC bought a new stake in shares of Invesco Food & Beverage ETF in the third quarter valued at about $80,000.

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. 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.