Invesco Leisure and Entertainment ETF (NYSEARCA:PEJ) Shares Down 0.5% – Here’s What Happened

Invesco Leisure and Entertainment ETF (NYSEARCA:PEJ)’s share price dropped 0.5% on Wednesday . The company traded as low as $61.42 and last traded at $61.74. Approximately 29,268 shares traded hands during trading, a decline of 57% from the average daily volume of 67,830 shares. The stock had previously closed at $62.08.

Invesco Leisure and Entertainment ETF Stock Performance

The stock has a market capitalization of $266.72 million, a PE ratio of 20.24 and a beta of 1.23. The business’s 50-day moving average price is $60.05 and its 200 day moving average price is $59.34.

Institutional Trading of Invesco Leisure and Entertainment ETF

A number of large investors have recently modified their holdings of PEJ. Bank of America Corp DE grew its holdings in shares of Invesco Leisure and Entertainment ETF by 1.8% during the third quarter. Bank of America Corp DE now owns 203,925 shares of the company’s stock worth $12,354,000 after purchasing an additional 3,515 shares in the last quarter. Prudential PLC grew its position in Invesco Leisure and Entertainment ETF by 14.5% in the second quarter. Prudential PLC now owns 202,100 shares of the company’s stock worth $11,499,000 after acquiring an additional 25,600 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Invesco Leisure and Entertainment ETF by 493.7% in the first quarter. Goldman Sachs Group Inc. now owns 185,696 shares of the company’s stock valued at $9,034,000 after acquiring an additional 154,420 shares during the last quarter. Royal Bank of Canada lifted its position in Invesco Leisure and Entertainment ETF by 301.1% in the 1st quarter. Royal Bank of Canada now owns 81,098 shares of the company’s stock worth $3,946,000 after buying an additional 60,881 shares during the last quarter. Finally, UBS Group AG boosted its stake in Invesco Leisure and Entertainment ETF by 13.2% in the third quarter. UBS Group AG now owns 75,752 shares of the company’s stock worth $4,589,000 after buying an additional 8,822 shares in the last quarter.

Invesco Leisure and Entertainment ETF Company Profile

PowerShares Dynamic Leisure and Entertainment Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Leisure and Entertainment Intellidex Index (the Index). The Index is designed to provide capital appreciation by thoroughly evaluating companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investment timeliness and risk factors. The Index consists of stocks of 30 United States leisure and entertainment companies.