Kovack Advisors Inc. Has $225,000 Stake in Invesco Food & Beverage ETF (NYSEARCA:PBJ)

Kovack Advisors Inc. decreased its holdings in shares of Invesco Food & Beverage ETF (NYSEARCA:PBJ) by 51.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 4,836 shares of the company’s stock after selling 5,129 shares during the period. Kovack Advisors Inc.’s holdings in Invesco Food & Beverage ETF were worth $225,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in PBJ. Kingsview Wealth Management LLC acquired a new position in Invesco Food & Beverage ETF during the third quarter worth $6,775,000. Mainsail Financial Group LLC boosted its holdings in Invesco Food & Beverage ETF by 4.1% during the fourth quarter. Mainsail Financial Group LLC now owns 82,375 shares of the company’s stock worth $3,828,000 after purchasing an additional 3,243 shares during the last quarter. Finally, Howe & Rusling Inc. boosted its holdings in 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 during the last quarter.

Invesco Food & Beverage ETF Price Performance

Shares of PBJ stock opened at $47.19 on Monday. The stock has a market cap of $98.16 million, a P/E ratio of 18.84 and a beta of 0.65. The company has a fifty day moving average price of $46.98 and a two-hundred day moving average price of $47.41. Invesco Food & Beverage ETF has a one year low of $44.75 and a one year high of $49.26.

Invesco Food & Beverage ETF 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.