Invesco Food & Beverage ETF (NYSEARCA:PBJ) Stock Price Up 0.6% – Here’s Why

Invesco Food & Beverage ETF (NYSEARCA:PBJ) rose 0.6% during trading on Friday . The company traded as high as $48.98 and last traded at $48.84. Approximately 8,431 shares were traded during mid-day trading, a decline of 57% from the average daily volume of 19,774 shares. The stock had previously closed at $48.54.

Invesco Food & Beverage ETF Stock Up 0.6%

The firm’s 50-day moving average price is $49.29 and its two-hundred day moving average price is $47.14. The firm has a market capitalization of $91.82 million, a PE ratio of 19.85 and a beta of 0.50.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in PBJ. Sound Income Strategies LLC purchased a new position in shares of Invesco Food & Beverage ETF in the fourth quarter worth approximately $40,000. Parallel Advisors LLC increased its position in shares of Invesco Food & Beverage ETF by 139.1% in the first quarter. Parallel Advisors LLC now owns 985 shares of the company’s stock worth $48,000 after acquiring an additional 573 shares in the last quarter. Advisory Services Network LLC purchased a new position in shares of Invesco Food & Beverage ETF in the third quarter worth approximately $80,000. Kestra Advisory Services LLC purchased a new position in shares of Invesco Food & Beverage ETF in the fourth quarter worth approximately $83,000. Finally, Jones Financial Companies Lllp increased its position in shares of Invesco Food & Beverage ETF by 231.6% in the first quarter. Jones Financial Companies Lllp now owns 2,789 shares of the company’s stock worth $128,000 after acquiring an additional 1,948 shares in the last quarter.

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. 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.