Truist Financial Corp Makes New $2 Million Investment in Invesco Food & Beverage ETF $PBJ

Truist Financial Corp acquired a new position in Invesco Food & Beverage ETF (NYSEARCA:PBJ) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 42,195 shares of the company’s stock, valued at approximately $1,997,000. Truist Financial Corp owned 2.10% of Invesco Food & Beverage ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in PBJ. Goldman Sachs Group Inc. grew its position in Invesco Food & Beverage ETF by 32.2% during the first quarter. Goldman Sachs Group Inc. now owns 40,282 shares of the company’s stock valued at $1,852,000 after buying an additional 9,811 shares during the period. Mainsail Financial Group LLC grew its position in shares of Invesco Food & Beverage ETF by 4.7% in the second quarter. Mainsail Financial Group LLC now owns 91,088 shares of the company’s stock valued at $4,308,000 after purchasing an additional 4,080 shares during the period. Royal Bank of Canada grew its position in shares of Invesco Food & Beverage ETF by 21.4% in the first quarter. Royal Bank of Canada now owns 18,163 shares of the company’s stock valued at $835,000 after purchasing an additional 3,207 shares during the period. Jones Financial Companies Lllp grew its position in shares of Invesco Food & Beverage ETF by 231.6% in the first quarter. Jones Financial Companies Lllp now owns 2,789 shares of the company’s stock valued at $128,000 after purchasing an additional 1,948 shares during the period. Finally, New Millennium Group LLC acquired a new stake in shares of Invesco Food & Beverage ETF in the first quarter valued at about $83,000.

Invesco Food & Beverage ETF Trading Down 0.6%

PBJ opened at $45.16 on Friday. The firm has a market capitalization of $102.96 million, a PE ratio of 19.85 and a beta of 0.63. Invesco Food & Beverage ETF has a twelve month low of $42.57 and a twelve month high of $49.33. The firm’s 50-day moving average price is $46.95 and its 200 day moving average price is $47.05.

Invesco Food & Beverage ETF Company 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.