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

Invesco Food & Beverage ETF (NYSEARCA:PBJ) shares traded down 0.5% during mid-day trading 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 Stock Down 3.0 %

The company’s 50-day moving average is $47.86 and its 200 day moving average is $46.89. The company has a market cap of $126.44 million, a price-to-earnings ratio of 18.56 and a beta of 0.55.

Hedge Funds Weigh In On Invesco Food & Beverage ETF

A number of hedge funds have recently bought and sold shares of PBJ. Kingsview Wealth Management LLC acquired a new position in Invesco Food & Beverage ETF during the third quarter worth $6,775,000. Howe & Rusling Inc. increased its stake in shares of Invesco Food & Beverage ETF by 0.5% during the third quarter. Howe & Rusling Inc. now owns 47,222 shares of the company’s stock worth $2,283,000 after purchasing an additional 222 shares in the last quarter. Finally, Mainsail Financial Group LLC raised its position in shares of 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 worth $3,740,000 after purchasing an additional 3,936 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.