Invesco Leisure and Entertainment ETF (NYSEARCA:PEJ) Stock Price Down 0.5% – Here’s Why

Invesco Leisure and Entertainment ETF (NYSEARCA:PEJ) traded down 0.5% during trading on Wednesday . The stock traded as low as $65.05 and last traded at $65.24. 49,081 shares changed hands during mid-day trading, an increase of 30% from the average daily volume of 37,735 shares. The stock had previously closed at $65.59.

Invesco Leisure and Entertainment ETF Price Performance

The firm has a market capitalization of $253.13 million, a P/E ratio of 20.24 and a beta of 1.06. The firm’s 50 day moving average is $64.21 and its two-hundred day moving average is $61.70.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Qube Research & Technologies Ltd bought a new stake in shares of Invesco Leisure and Entertainment ETF in the 3rd quarter valued at about $29,000. SHP Wealth Management acquired a new stake in Invesco Leisure and Entertainment ETF in the 4th quarter valued at about $42,000. Advisory Services Network LLC bought a new position in Invesco Leisure and Entertainment ETF during the third quarter worth about $52,000. Fifth Third Bancorp bought a new position in Invesco Leisure and Entertainment ETF during the first quarter worth about $64,000. Finally, Sound Income Strategies LLC acquired a new position in Invesco Leisure and Entertainment ETF during the fourth quarter worth approximately $117,000.

Invesco Leisure and Entertainment ETF Company Profile

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.