Raymond James & Associates reduced its stake in Invesco Food & Beverage ETF (NYSEARCA:PBJ – Free Report) by 55.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,742 shares of the company’s stock after selling 46,702 shares during the period. Raymond James & Associates owned 0.63% of Invesco Food & Beverage ETF worth $1,731,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of PBJ. JPMorgan Chase & Co. boosted its stake in Invesco Food & Beverage ETF by 97.1% in the first quarter. JPMorgan Chase & Co. now owns 550 shares of the company’s stock valued at $25,000 after acquiring an additional 271 shares during the period. NBC Securities Inc. acquired a new position in shares of Invesco Food & Beverage ETF during the third quarter worth approximately $26,000. Citigroup Inc. acquired a new position in shares of Invesco Food & Beverage ETF during the second quarter worth approximately $31,000. Comerica Bank acquired a new position in shares of Invesco Food & Beverage ETF during the third quarter worth approximately $79,000. Finally, Credit Suisse AG acquired a new position in shares of Invesco Food & Beverage ETF during the second quarter worth approximately $97,000.
Invesco Food & Beverage ETF Trading Down 0.3 %
Shares of NYSEARCA PBJ opened at $47.03 on Thursday. The stock has a 50 day simple moving average of $47.03 and a 200-day simple moving average of $44.91. The company has a market cap of $128.85 million, a PE ratio of 18.54 and a beta of 0.55. Invesco Food & Beverage ETF has a 12-month low of $40.05 and a 12-month high of $49.00.
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.
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