Invesco Food & Beverage ETF (NYSEARCA:PBJ) Stock Price Down 0.5% – Should You Sell?

Invesco Food & Beverage ETF (NYSEARCA:PBJ) shares dropped 0.5% on Monday . The stock traded as low as $48.49 and last traded at $48.52. Approximately 7,085 shares changed hands during mid-day trading, a decline of 50% from the average daily volume of 14,054 shares. The stock had previously closed at $48.76.

Invesco Food & Beverage ETF Trading Down 0.5 %

The company’s 50 day moving average price is $47.85 and its two-hundred day moving average price is $46.88. The firm has a market cap of $130.99 million, a PE ratio of 18.56 and a beta of 0.55.

Institutional Trading of Invesco Food & Beverage ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Kingsview Wealth Management LLC purchased a new stake in shares of Invesco Food & Beverage ETF in the third quarter worth $6,775,000. Mainsail Financial Group LLC boosted its holdings in Invesco Food & Beverage ETF by 5.2% in the 3rd quarter. Mainsail Financial Group LLC now owns 79,132 shares of the company’s stock worth $3,740,000 after buying an additional 3,936 shares during the period. Finally, Howe & Rusling Inc. increased its stake in Invesco Food & Beverage ETF by 0.5% in the 3rd quarter. Howe & Rusling Inc. now owns 47,222 shares of the company’s stock worth $2,283,000 after buying an additional 222 shares in the last quarter.

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.