Commonwealth Equity Services LLC Sells 7,556 Shares of Invesco Food & Beverage ETF (NYSEARCA:PBJ)

Commonwealth Equity Services LLC decreased its holdings in Invesco Food & Beverage ETF (NYSEARCA:PBJ) by 16.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,609 shares of the company’s stock after selling 7,556 shares during the period. Commonwealth Equity Services LLC’s holdings in Invesco Food & Beverage ETF were worth $1,832,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Mainsail Financial Group LLC lifted its position in shares of Invesco Food & Beverage ETF by 3.6% in the first quarter. Mainsail Financial Group LLC now owns 60,755 shares of the company’s stock worth $2,960,000 after buying an additional 2,125 shares in the last quarter. Avantax Advisory Services Inc. lifted its position in shares of Invesco Food & Beverage ETF by 49.8% in the fourth quarter. Avantax Advisory Services Inc. now owns 37,177 shares of the company’s stock worth $1,705,000 after buying an additional 12,362 shares in the last quarter. Principal Securities Inc. purchased a new stake in shares of Invesco Food & Beverage ETF in the fourth quarter worth about $708,000. International Assets Investment Management LLC purchased a new stake in shares of Invesco Food & Beverage ETF in the fourth quarter worth about $92,000. Finally, Valicenti Advisory Services Inc. purchased a new stake in shares of Invesco Food & Beverage ETF in the fourth quarter worth about $277,000.

Invesco Food & Beverage ETF Trading Down 0.2 %

Shares of NYSEARCA:PBJ traded down $0.11 during mid-day trading on Friday, reaching $45.56. The stock had a trading volume of 10,670 shares, compared to its average volume of 16,361. The company has a market cap of $123.01 million, a P/E ratio of 18.56 and a beta of 0.55. Invesco Food & Beverage ETF has a 1 year low of $40.05 and a 1 year high of $49.00. The business’s 50 day moving average price is $46.61 and its 200 day moving average price is $46.48.

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.