Stifel Financial Corp Decreases Position in Invesco Food & Beverage ETF (NYSEARCA:PBJ)

Stifel Financial Corp lessened its stake in Invesco Food & Beverage ETF (NYSEARCA:PBJ) by 9.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,898 shares of the company’s stock after selling 521 shares during the quarter. Stifel Financial Corp owned approximately 0.18% of Invesco Food & Beverage ETF worth $237,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Kingsview Wealth Management LLC bought a new position in Invesco Food & Beverage ETF during the third quarter worth about $6,775,000. Mainsail Financial Group LLC raised its position in shares of Invesco Food & Beverage ETF by 5.2% in the third quarter. Mainsail Financial Group LLC now owns 79,132 shares of the company’s stock valued at $3,740,000 after purchasing an additional 3,936 shares during the period. Finally, Howe & Rusling Inc. lifted its stake in shares of Invesco Food & Beverage ETF by 0.5% during the 3rd quarter. Howe & Rusling Inc. now owns 47,222 shares of the company’s stock valued at $2,283,000 after buying an additional 222 shares in the last quarter.

Invesco Food & Beverage ETF Trading Down 0.6 %

PBJ opened at $46.66 on Monday. The company has a 50 day moving average of $47.74 and a 200 day moving average of $46.94. Invesco Food & Beverage ETF has a 12 month low of $44.40 and a 12 month high of $49.26. The company has a market cap of $125.98 million, a PE ratio of 18.56 and a beta of 0.55.

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.