Royal Bank of Canada decreased its holdings in shares of Invesco Food & Beverage ETF (NYSEARCA:PBJ – Free Report) by 80.9% in the first quarter, Holdings Channel.com reports. The firm owned 10,262 shares of the company’s stock after selling 43,386 shares during the period. Royal Bank of Canada’s holdings in Invesco Food & Beverage ETF were worth $502,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in PBJ. Parallel Advisors LLC grew its stake in shares of Invesco Food & Beverage ETF by 139.1% in the 1st quarter. Parallel Advisors LLC now owns 985 shares of the company’s stock worth $48,000 after buying an additional 573 shares during the last quarter. Advisory Services Network LLC purchased a new position in Invesco Food & Beverage ETF during the third quarter valued at $80,000. Kestra Advisory Services LLC purchased a new position in Invesco Food & Beverage ETF during the fourth quarter valued at $83,000. Jones Financial Companies Lllp boosted its holdings in Invesco Food & Beverage ETF by 231.6% in the first quarter. Jones Financial Companies Lllp now owns 2,789 shares of the company’s stock worth $128,000 after acquiring an additional 1,948 shares in the last quarter. Finally, Janney Montgomery Scott LLC bought a new stake in Invesco Food & Beverage ETF in the first quarter worth $202,000.
Invesco Food & Beverage ETF Trading Down 0.6%
NYSEARCA PBJ opened at $48.71 on Wednesday. Invesco Food & Beverage ETF has a 12 month low of $42.69 and a 12 month high of $51.07. The stock has a market cap of $110.08 million, a P/E ratio of 19.85 and a beta of 0.48. The stock’s fifty day moving average price is $47.88 and its 200-day moving average price is $48.66.
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. The Index is designed to provide capital appreciation by evaluating companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investment timeliness and risk factors.
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