Invesco Leisure and Entertainment ETF (NYSEARCA:PEJ) Trading 0.9% Higher – What’s Next?

Invesco Leisure and Entertainment ETF (NYSEARCA:PEJ) shares were up 0.9% on Wednesday . The company traded as high as $65.52 and last traded at $65.23. 340,442 shares traded hands during trading, an increase of 607% from the average daily volume of 48,168 shares. The stock had previously closed at $64.65.

Invesco Leisure and Entertainment ETF Trading Down 0.5%

The stock has a market cap of $245.36 million, a P/E ratio of 20.24 and a beta of 1.06. The company’s 50-day simple moving average is $66.81 and its 200 day simple moving average is $63.03.

Institutional Trading of Invesco Leisure and Entertainment ETF

Hedge funds have recently made changes to their positions in the company. &PARTNERS lifted its position in shares of Invesco Leisure and Entertainment ETF by 10.3% during the fourth quarter. &PARTNERS now owns 4,996 shares of the company’s stock worth $306,000 after acquiring an additional 465 shares in the last quarter. Qube Research & Technologies Ltd bought a new position in shares of Invesco Leisure and Entertainment ETF in the third quarter valued at approximately $29,000. JPMorgan Chase & Co. increased its holdings in Invesco Leisure and Entertainment ETF by 1.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 30,492 shares of the company’s stock worth $1,847,000 after acquiring an additional 492 shares during the period. Jane Street Group LLC lifted its stake in Invesco Leisure and Entertainment ETF by 10.6% in the 4th quarter. Jane Street Group LLC now owns 5,123 shares of the company’s stock worth $314,000 after purchasing an additional 493 shares in the last quarter. Finally, SHP Wealth Management bought a new position in Invesco Leisure and Entertainment ETF in the 4th quarter valued at $42,000.

About Invesco Leisure and Entertainment ETF

PowerShares Dynamic Leisure and Entertainment Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Leisure and Entertainment Intellidex Index (the Index). The Index is designed to provide capital appreciation by thoroughly evaluating companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investment timeliness and risk factors. The Index consists of stocks of 30 United States leisure and entertainment companies.