Invesco Food & Beverage ETF (NYSEARCA:PBJ) Shares Sold by Howe & Rusling Inc.

Howe & Rusling Inc. lowered its holdings in Invesco Food & Beverage ETF (NYSEARCA:PBJ) by 2.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 51,237 shares of the company’s stock after selling 1,455 shares during the quarter. Howe & Rusling Inc.’s holdings in Invesco Food & Beverage ETF were worth $2,349,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Mainsail Financial Group LLC lifted its holdings in Invesco Food & Beverage ETF by 7.1% in the 4th quarter. Mainsail Financial Group LLC now owns 58,630 shares of the company’s stock valued at $2,663,000 after purchasing an additional 3,871 shares in the last quarter. International Assets Investment Management LLC purchased a new position in shares of Invesco Food & Beverage ETF during the fourth quarter valued at approximately $92,000. Valicenti Advisory Services Inc. acquired a new stake in Invesco Food & Beverage ETF during the fourth quarter worth approximately $277,000. Nilsine Partners LLC grew its stake in Invesco Food & Beverage ETF by 2.1% in the 3rd quarter. Nilsine Partners LLC now owns 27,814 shares of the company’s stock worth $1,178,000 after acquiring an additional 569 shares during the period. Finally, Tower Research Capital LLC TRC raised its holdings in Invesco Food & Beverage ETF by 147.8% in the 3rd quarter. Tower Research Capital LLC TRC now owns 28,592 shares of the company’s stock valued at $1,211,000 after acquiring an additional 17,055 shares during the last quarter.

Invesco Food & Beverage ETF Stock Down 0.3 %

Shares of PBJ stock traded down $0.14 during mid-day trading on Wednesday, hitting $47.44. 9,803 shares of the company’s stock were exchanged, compared to its average volume of 17,039. The stock has a market cap of $128.09 million, a price-to-earnings ratio of 18.56 and a beta of 0.55. The stock has a 50-day simple moving average of $47.53 and a two-hundred day simple moving average of $45.37. Invesco Food & Beverage ETF has a fifty-two week low of $40.05 and a fifty-two week high of $49.00.

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.