Jones Financial Companies Lllp Boosts Holdings in Invesco Food & Beverage ETF (NYSEARCA:PBJ)

Jones Financial Companies Lllp boosted its position in Invesco Food & Beverage ETF (NYSEARCA:PBJ) by 406.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 841 shares of the company’s stock after buying an additional 675 shares during the period. Jones Financial Companies Lllp’s holdings in Invesco Food & Beverage ETF were worth $39,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Howe & Rusling Inc. raised its stake in Invesco Food & Beverage ETF by 0.5% in the 3rd quarter. Howe & Rusling Inc. now owns 47,222 shares of the company’s stock valued at $2,283,000 after purchasing an additional 222 shares during the last quarter. Kingsview Wealth Management LLC purchased a new stake in shares of Invesco Food & Beverage ETF during the 3rd quarter worth about $6,775,000. Finally, Mainsail Financial Group LLC grew its holdings in shares of Invesco Food & Beverage ETF by 4.1% during the 4th quarter. Mainsail Financial Group LLC now owns 82,375 shares of the company’s stock worth $3,828,000 after purchasing an additional 3,243 shares during the period.

Invesco Food & Beverage ETF Stock Performance

Invesco Food & Beverage ETF stock opened at $45.13 on Wednesday. The stock’s 50 day moving average price is $46.67 and its 200 day moving average price is $47.28. The firm has a market capitalization of $92.97 million, a PE ratio of 18.16 and a beta of 0.63. Invesco Food & Beverage ETF has a one year low of $43.84 and a one year high of $49.27.

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.