Invesco Leisure and Entertainment ETF (NYSEARCA:PEJ) Stock Price Down 1.4% – What’s Next?

Invesco Leisure and Entertainment ETF (NYSEARCA:PEJ) shares fell 1.4% during mid-day trading on Wednesday. The company traded as low as $61.15 and last traded at $61.49. Approximately 86,754 shares traded hands during mid-day trading, an increase of 78% from the average daily volume of 48,811 shares. The stock had previously closed at $62.37.

Invesco Leisure and Entertainment ETF Trading Up 0.5%

The company’s 50 day moving average is $65.73 and its 200-day moving average is $63.25. The company has a market capitalization of $361.90 million, a P/E ratio of 20.24 and a beta of 1.06.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. IFP Advisors Inc raised its holdings in Invesco Leisure and Entertainment ETF by 15.7% in the 2nd quarter. IFP Advisors Inc now owns 1,862 shares of the company’s stock valued at $124,000 after buying an additional 252 shares during the last quarter. Kwmg LLC lifted its stake in shares of Invesco Leisure and Entertainment ETF by 3.3% in the 2nd quarter. Kwmg LLC now owns 40,693 shares of the company’s stock valued at $2,709,000 after purchasing an additional 1,287 shares during the period. Royal Bank of Canada boosted its stake in Invesco Leisure and Entertainment ETF by 45.3% during the first quarter. Royal Bank of Canada now owns 14,572 shares of the company’s stock worth $844,000 after acquiring an additional 4,546 shares in the last quarter. Gateway Wealth Partners LLC grew its stake in shares of Invesco Leisure and Entertainment ETF by 105.4% in the 1st quarter. Gateway Wealth Partners LLC now owns 10,594 shares of the company’s stock valued at $614,000 after buying an additional 5,437 shares during the period. Finally, Fifth Third Bancorp bought a new stake in shares of Invesco Leisure and Entertainment ETF during the first quarter valued at approximately $64,000.

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.