Tocqueville Asset Management L.P. Invests $1.61 Million in Invesco Food & Beverage ETF (NYSEARCA:PBJ)

Tocqueville Asset Management L.P. acquired a new stake in Invesco Food & Beverage ETF (NYSEARCA:PBJ) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 34,655 shares of the company’s stock, valued at approximately $1,611,000. Tocqueville Asset Management L.P. owned 1.28% of Invesco Food & Beverage ETF at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp boosted its holdings in Invesco Food & Beverage ETF by 406.6% during the fourth quarter. Jones Financial Companies Lllp now owns 841 shares of the company’s stock worth $39,000 after buying an additional 675 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Invesco Food & Beverage ETF in the 4th quarter valued at approximately $2,148,000. Howe & Rusling Inc. boosted its stake in Invesco Food & Beverage ETF by 0.5% during the 3rd quarter. Howe & Rusling Inc. now owns 47,222 shares of the company’s stock worth $2,283,000 after acquiring an additional 222 shares during the last quarter. Mainsail Financial Group LLC grew its holdings in Invesco Food & Beverage ETF by 4.1% during the fourth 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, Kingsview Wealth Management LLC bought a new stake in Invesco Food & Beverage ETF in the third quarter valued at approximately $6,775,000.

Invesco Food & Beverage ETF Stock Performance

PBJ opened at $45.34 on Thursday. The firm’s fifty day moving average is $46.65 and its two-hundred day moving average is $47.27. The firm has a market cap of $93.40 million, a PE ratio of 18.16 and a beta of 0.63. Invesco Food & Beverage ETF has a twelve month low of $43.84 and a twelve month high of $49.27.

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.