Stifel Financial Corp decreased its holdings in Invesco Food & Beverage ETF (NYSEARCA:PBJ – Free Report) by 4.3% in the fourth quarter, Holdings Channel reports. The fund owned 4,685 shares of the company’s stock after selling 213 shares during the quarter. Stifel Financial Corp’s holdings in Invesco Food & Beverage ETF were worth $218,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in PBJ. Transce3nd LLC bought a new stake in Invesco Food & Beverage ETF in the fourth quarter worth about $37,000. Jones Financial Companies Lllp grew its holdings in Invesco Food & Beverage ETF by 406.6% in the fourth quarter. Jones Financial Companies Lllp now owns 841 shares of the company’s stock worth $39,000 after purchasing an additional 675 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in Invesco Food & Beverage ETF by 1.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 18,878 shares of the company’s stock worth $877,000 after purchasing an additional 262 shares during the last quarter. Tocqueville Asset Management L.P. acquired a new stake in shares of Invesco Food & Beverage ETF during the fourth quarter worth $1,611,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Invesco Food & Beverage ETF during the fourth quarter worth $2,148,000.
Invesco Food & Beverage ETF Price Performance
NYSEARCA PBJ opened at $47.78 on Friday. Invesco Food & Beverage ETF has a 1 year low of $42.57 and a 1 year high of $49.27. The company has a fifty day moving average of $45.89 and a 200 day moving average of $46.82. The company has a market capitalization of $102.73 million, a PE ratio of 19.80 and a beta of 0.62.
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.
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