NewEdge Advisors LLC Lowers Stock Holdings in Invesco Leisure and Entertainment ETF (NYSEARCA:PEJ)

NewEdge Advisors LLC lowered its stake in Invesco Leisure and Entertainment ETF (NYSEARCA:PEJ) by 49.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,047 shares of the company’s stock after selling 1,042 shares during the period. NewEdge Advisors LLC’s holdings in Invesco Leisure and Entertainment ETF were worth $55,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kingsview Wealth Management LLC bought a new stake in Invesco Leisure and Entertainment ETF in the fourth quarter worth $11,492,000. JPMorgan Chase & Co. boosted its stake in Invesco Leisure and Entertainment ETF by 92.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 135,083 shares of the company’s stock worth $6,442,000 after purchasing an additional 64,983 shares in the last quarter. LPL Financial LLC grew its position in Invesco Leisure and Entertainment ETF by 27.1% during the 4th quarter. LPL Financial LLC now owns 129,470 shares of the company’s stock valued at $6,758,000 after purchasing an additional 27,622 shares during the last quarter. Wealthfront Advisers LLC bought a new stake in Invesco Leisure and Entertainment ETF during the 4th quarter valued at about $7,078,000. Finally, Wells Fargo & Company MN raised its holdings in Invesco Leisure and Entertainment ETF by 0.3% in the fourth quarter. Wells Fargo & Company MN now owns 111,970 shares of the company’s stock worth $5,845,000 after buying an additional 347 shares during the last quarter.

Invesco Leisure and Entertainment ETF Stock Up 3.3 %

NYSEARCA:PEJ opened at $49.85 on Friday. The stock has a market cap of $330.01 million, a price-to-earnings ratio of 18.35 and a beta of 1.20. The company’s 50 day moving average price is $48.54 and its 200-day moving average price is $51.61. Invesco Leisure and Entertainment ETF has a 52 week low of $41.08 and a 52 week high of $57.93.

Invesco Leisure and Entertainment ETF 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.