Commonwealth Equity Services LLC Sells 16,625 Shares of Invesco Food & Beverage ETF (NYSEARCA:PBJ)

Commonwealth Equity Services LLC lowered its position in shares of Invesco Food & Beverage ETF (NYSEARCA:PBJ) by 44.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,984 shares of the company’s stock after selling 16,625 shares during the quarter. Commonwealth Equity Services LLC owned approximately 0.78% of Invesco Food & Beverage ETF worth $958,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Mainsail Financial Group LLC boosted its holdings in Invesco Food & Beverage ETF by 23.8% during the second quarter. Mainsail Financial Group LLC now owns 75,196 shares of the company’s stock worth $3,432,000 after buying an additional 14,441 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in Invesco Food & Beverage ETF during the 1st quarter worth about $204,000. Westside Investment Management Inc. acquired a new position in shares of Invesco Food & Beverage ETF during the second quarter worth about $59,000. Finally, Private Advisor Group LLC lifted its stake in Invesco Food & Beverage ETF by 7.7% in the 1st quarter. Private Advisor Group LLC now owns 10,319 shares of the company’s stock valued at $503,000 after acquiring an additional 734 shares in the last quarter.

Invesco Food & Beverage ETF Stock Performance

Shares of PBJ stock opened at $47.99 on Wednesday. The firm’s 50-day moving average is $46.27 and its 200-day moving average is $46.80. Invesco Food & Beverage ETF has a 52-week low of $40.05 and a 52-week high of $49.00. The stock has a market cap of $129.57 million, a price-to-earnings ratio of 18.56 and a beta of 0.55.

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.