Raymond James & Associates Sells 46,702 Shares of Invesco Food & Beverage ETF (NYSEARCA:PBJ)

Raymond James & Associates trimmed its position in shares of Invesco Food & Beverage ETF (NYSEARCA:PBJ) by 55.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,742 shares of the company’s stock after selling 46,702 shares during the period. Raymond James & Associates’ holdings in Invesco Food & Beverage ETF were worth $1,731,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Flagship Harbor Advisors LLC bought a new stake in Invesco Food & Beverage ETF during the third quarter valued at about $14,094,000. Valicenti Advisory Services Inc. acquired a new position in shares of Invesco Food & Beverage ETF during the fourth quarter valued at about $277,000. Howe & Rusling Inc. raised its position in shares of Invesco Food & Beverage ETF by 0.9% during the third quarter. Howe & Rusling Inc. now owns 52,692 shares of the company’s stock valued at $2,232,000 after buying an additional 475 shares during the last quarter. Nilsine Partners LLC raised its position in shares of Invesco Food & Beverage ETF by 2.1% during the third quarter. Nilsine Partners LLC now owns 27,814 shares of the company’s stock valued at $1,178,000 after buying an additional 569 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its position in shares of Invesco Food & Beverage ETF by 147.8% during the third quarter. Tower Research Capital LLC TRC now owns 28,592 shares of the company’s stock valued at $1,211,000 after buying an additional 17,055 shares during the last quarter.

Invesco Food & Beverage ETF Stock Performance

Shares of PBJ opened at $47.03 on Thursday. The company has a 50-day simple moving average of $47.03 and a 200-day simple moving average of $44.91. The firm has a market capitalization of $128.85 million, a P/E ratio of 18.54 and a beta of 0.55. Invesco Food & Beverage ETF has a 52 week low of $40.05 and a 52 week 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.