Envestnet Asset Management Inc. Buys 262 Shares of Invesco Food & Beverage ETF (NYSEARCA:PBJ)

Envestnet Asset Management Inc. grew its stake in Invesco Food & Beverage ETF (NYSEARCA:PBJ) by 1.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,878 shares of the company’s stock after purchasing an additional 262 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.70% of Invesco Food & Beverage ETF worth $877,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Jones Financial Companies Lllp raised its position in Invesco Food & Beverage ETF by 406.6% in the 4th quarter. Jones Financial Companies Lllp now owns 841 shares of the company’s stock valued at $39,000 after buying an additional 675 shares during the last quarter. Tocqueville Asset Management L.P. bought a new stake in shares of Invesco Food & Beverage ETF in the 4th quarter worth $1,611,000. Raymond James Financial Inc. purchased a new stake in shares of Invesco Food & Beverage ETF in the fourth quarter valued at about $2,148,000. Mainsail Financial Group LLC lifted its position in shares of Invesco Food & Beverage ETF by 4.1% during the fourth quarter. Mainsail Financial Group LLC now owns 82,375 shares of the company’s stock valued at $3,828,000 after purchasing an additional 3,243 shares in the last quarter. Finally, LPL Financial LLC boosted its holdings in Invesco Food & Beverage ETF by 2.9% during the fourth quarter. LPL Financial LLC now owns 128,500 shares of the company’s stock worth $5,972,000 after purchasing an additional 3,585 shares during the last quarter.

Invesco Food & Beverage ETF Stock Performance

Shares of PBJ stock opened at $46.90 on Friday. The company has a market capitalization of $96.61 million, a price-to-earnings ratio of 20.35 and a beta of 0.63. Invesco Food & Beverage ETF has a 52-week low of $42.57 and a 52-week high of $49.27. The company has a 50-day simple moving average of $45.71 and a two-hundred day simple moving average of $46.83.

About Invesco Food & Beverage ETF

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.