Invesco Food & Beverage ETF (NYSEARCA:PBJ) Shares Sold by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. reduced its holdings in Invesco Food & Beverage ETF (NYSEARCA:PBJ) by 64.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,319 shares of the company’s stock after selling 31,963 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Invesco Food & Beverage ETF were worth $794,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Valicenti Advisory Services Inc. acquired a new stake in Invesco Food & Beverage ETF in the 4th quarter valued at approximately $277,000. Comerica Bank bought a new position in Invesco Food & Beverage ETF during the 3rd quarter valued at $79,000. Tower Research Capital LLC TRC boosted its stake in Invesco Food & Beverage ETF by 147.8% during the 3rd quarter. Tower Research Capital LLC TRC now owns 28,592 shares of the company’s stock valued at $1,211,000 after purchasing an additional 17,055 shares in the last quarter. Howe & Rusling Inc. boosted its stake in Invesco Food & Beverage ETF by 0.9% during the 3rd quarter. Howe & Rusling Inc. now owns 52,692 shares of the company’s stock valued at $2,232,000 after purchasing an additional 475 shares in the last quarter. Finally, HighTower Advisors LLC boosted its stake in Invesco Food & Beverage ETF by 2.7% during the 3rd quarter. HighTower Advisors LLC now owns 492,916 shares of the company’s stock valued at $20,878,000 after purchasing an additional 13,000 shares in the last quarter.

Invesco Food & Beverage ETF Stock Performance

Shares of NYSEARCA PBJ opened at $47.17 on Wednesday. The stock has a fifty day moving average price of $46.99 and a two-hundred day moving average price of $44.90. The firm has a market cap of $129.25 million, a P/E ratio of 18.54 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.

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.