Howe & Rusling Inc. Sells 1,541 Shares of Invesco Food & Beverage ETF (NYSEARCA:PBJ)

Howe & Rusling Inc. trimmed its position in Invesco Food & Beverage ETF (NYSEARCA:PBJ) by 3.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 45,681 shares of the company’s stock after selling 1,541 shares during the quarter. Howe & Rusling Inc. owned about 1.69% of Invesco Food & Beverage ETF worth $2,123,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Jones Financial Companies Lllp raised its holdings in Invesco Food & Beverage ETF by 406.6% in the 4th quarter. Jones Financial Companies Lllp now owns 841 shares of the company’s stock worth $39,000 after acquiring an additional 675 shares during the period. Tocqueville Asset Management L.P. bought a new position in shares of Invesco Food & Beverage ETF in the fourth quarter worth about $1,611,000. Raymond James Financial Inc. acquired a new position in shares of Invesco Food & Beverage ETF during the 4th quarter worth about $2,148,000. Mainsail Financial Group LLC boosted its stake in Invesco Food & Beverage ETF by 4.1% during the 4th quarter. Mainsail Financial Group LLC now owns 82,375 shares of the company’s stock valued at $3,828,000 after purchasing an additional 3,243 shares during the period. Finally, LPL Financial LLC grew its holdings in Invesco Food & Beverage ETF by 2.9% in the 4th quarter. LPL Financial LLC now owns 128,500 shares of the company’s stock valued at $5,972,000 after buying an additional 3,585 shares during the last quarter.

Invesco Food & Beverage ETF Stock Up 0.5 %

Shares of NYSEARCA PBJ opened at $45.63 on Thursday. Invesco Food & Beverage ETF has a 12 month low of $43.84 and a 12 month high of $49.27. The company has a market cap of $94.00 million, a P/E ratio of 18.16 and a beta of 0.63. The business’s 50 day moving average is $46.60 and its two-hundred day moving average is $47.20.

Invesco Food & Beverage ETF Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 24th will be given a dividend of $0.2226 per share. The ex-dividend date is Monday, March 24th. This is a positive change from Invesco Food & Beverage ETF’s previous dividend of $0.15.

Invesco Food & Beverage ETF 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.