Invesco Food & Beverage ETF (NYSEARCA:PBJ) Trading 0.1% Higher

Invesco Food & Beverage ETF (NYSEARCA:PBJ) shares shot up 0.1% during mid-day trading on Wednesday . The company traded as high as $45.78 and last traded at $45.67. 3,280 shares were traded during trading, a decline of 80% from the average session volume of 16,406 shares. The stock had previously closed at $45.64.

Invesco Food & Beverage ETF Price Performance

The firm has a market capitalization of $123.30 million, a price-to-earnings ratio of 18.56 and a beta of 0.55. The business has a 50 day moving average of $46.71 and a 200 day moving average of $46.49.

Institutional Trading of Invesco Food & Beverage ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PBJ. International Assets Investment Management LLC acquired a new position in Invesco Food & Beverage ETF during the fourth quarter worth $92,000. Janney Montgomery Scott LLC bought a new stake in shares of Invesco Food & Beverage ETF in the 1st quarter worth about $204,000. Valicenti Advisory Services Inc. acquired a new stake in shares of Invesco Food & Beverage ETF during the 4th quarter worth about $277,000. Private Advisor Group LLC lifted its holdings in Invesco Food & Beverage ETF by 7.7% during the 1st quarter. Private Advisor Group LLC now owns 10,319 shares of the company’s stock valued at $503,000 after purchasing an additional 734 shares during the last quarter. Finally, Principal Securities Inc. acquired a new position in Invesco Food & Beverage ETF in the fourth quarter valued at about $708,000.

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.