Kingsview Wealth Management LLC Buys Shares of 347,923 Invesco Food & Beverage ETF $PBJ

Kingsview Wealth Management LLC bought a new position in shares of Invesco Food & Beverage ETF (NYSEARCA:PBJ) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 347,923 shares of the company’s stock, valued at approximately $15,956,000. Kingsview Wealth Management LLC owned 15.46% of Invesco Food & Beverage ETF at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Jones Financial Companies Lllp lifted its holdings in shares of Invesco Food & Beverage ETF by 231.6% in the 1st 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 during the last quarter. Howe & Rusling Inc. raised its position in Invesco Food & Beverage ETF by 4.6% in the second quarter. Howe & Rusling Inc. now owns 49,099 shares of the company’s stock valued at $2,323,000 after purchasing an additional 2,167 shares during the period. Royal Bank of Canada raised its position in Invesco Food & Beverage ETF by 21.4% in the first quarter. Royal Bank of Canada now owns 18,163 shares of the company’s stock valued at $835,000 after purchasing an additional 3,207 shares during the period. Mainsail Financial Group LLC lifted its stake in Invesco Food & Beverage ETF by 6.1% during the third quarter. Mainsail Financial Group LLC now owns 96,645 shares of the company’s stock worth $4,432,000 after purchasing an additional 5,557 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in shares of Invesco Food & Beverage ETF by 40.7% during the second quarter. Envestnet Asset Management Inc. now owns 22,290 shares of the company’s stock worth $1,055,000 after buying an additional 6,445 shares during the period.

Invesco Food & Beverage ETF Trading Up 1.0%

Shares of NYSEARCA PBJ opened at $50.97 on Monday. The stock has a market capitalization of $105.51 million, a PE ratio of 19.85 and a beta of 0.56. Invesco Food & Beverage ETF has a twelve month low of $42.57 and a twelve month high of $51.07. The stock has a fifty day simple moving average of $47.50 and a 200-day simple moving average of $46.30.

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. 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.