Commonwealth Equity Services LLC cut its stake in Invesco Food & Beverage ETF (NYSEARCA:PBJ – Free Report) by 11.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 65,217 shares of the company’s stock after selling 8,739 shares during the period. Commonwealth Equity Services LLC owned about 0.93% of Invesco Food & Beverage ETF worth $3,022,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in shares of Invesco Food & Beverage ETF by 97.1% during the 1st quarter. JPMorgan Chase & Co. now owns 550 shares of the company’s stock worth $25,000 after buying an additional 271 shares in the last quarter. Credit Suisse AG acquired a new position in shares of Invesco Food & Beverage ETF during the 2nd quarter valued at about $97,000. Advisors Preferred LLC raised its stake in Invesco Food & Beverage ETF by 906.8% during the first quarter. Advisors Preferred LLC now owns 2,205 shares of the company’s stock worth $103,000 after purchasing an additional 1,986 shares during the period. DB Wealth Management Group LLC grew its position in Invesco Food & Beverage ETF by 12.1% during the fourth quarter. DB Wealth Management Group LLC now owns 2,644 shares of the company’s stock valued at $121,000 after acquiring an additional 286 shares during the period. Finally, Householder Group Estate & Retirement Specialist LLC acquired a new stake in shares of Invesco Food & Beverage ETF in the first quarter worth $153,000.
Invesco Food & Beverage ETF Trading Down 0.8 %
NYSEARCA PBJ opened at $44.10 on Tuesday. The company’s fifty day simple moving average is $45.11 and its 200-day simple moving average is $45.69. The stock has a market cap of $262.84 million, a P/E ratio of 15.39 and a beta of 0.63. Invesco Food & Beverage ETF has a 52 week low of $41.96 and a 52 week high of $48.54.
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.
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