Invesco Food & Beverage ETF (NYSEARCA:PBJ) Stock Price Down 0.5% – Time to Sell?

Invesco Food & Beverage ETF (NYSEARCA:PBJ) traded down 0.5% on Monday . The stock traded as low as $48.49 and last traded at $48.52. 7,085 shares traded hands during mid-day trading, a decline of 50% from the average session volume of 14,054 shares. The stock had previously closed at $48.76.

Invesco Food & Beverage ETF Price Performance

The stock has a 50 day moving average price of $47.86 and a 200-day moving average price of $46.89. The stock has a market capitalization of $126.44 million, a price-to-earnings ratio of 18.56 and a beta of 0.55.

Institutional Investors Weigh In On Invesco Food & Beverage ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Kingsview Wealth Management LLC purchased a new position in shares of Invesco Food & Beverage ETF in the third quarter worth about $6,775,000. Mainsail Financial Group LLC grew its stake in Invesco Food & Beverage ETF by 5.2% during the 3rd quarter. Mainsail Financial Group LLC now owns 79,132 shares of the company’s stock valued at $3,740,000 after acquiring an additional 3,936 shares in the last quarter. Finally, Howe & Rusling Inc. raised its holdings in Invesco Food & Beverage ETF by 0.5% in the 3rd quarter. Howe & Rusling Inc. now owns 47,222 shares of the company’s stock valued at $2,283,000 after acquiring an additional 222 shares during the last quarter.

Invesco Food & Beverage ETF Company 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.