Private Advisor Group LLC Trims Position in Invesco Food & Beverage ETF (NYSEARCA:PBJ)

Private Advisor Group LLC lessened its stake in Invesco Food & Beverage ETF (NYSEARCA:PBJ) by 17.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,136 shares of the company’s stock after selling 1,495 shares during the period. Private Advisor Group LLC owned 0.26% of Invesco Food & Beverage ETF worth $345,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in PBJ. Mainsail Financial Group LLC boosted its holdings in shares of Invesco Food & Beverage ETF by 5.2% in the 3rd quarter. Mainsail Financial Group LLC now owns 79,132 shares of the company’s stock valued at $3,740,000 after buying an additional 3,936 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in Invesco Food & Beverage ETF during the 1st quarter worth approximately $204,000. Finally, Westside Investment Management Inc. purchased a new position in Invesco Food & Beverage ETF during the 2nd quarter worth approximately $59,000.

Invesco Food & Beverage ETF Trading Up 1.1 %

PBJ opened at $47.49 on Wednesday. The firm has a market capitalization of $128.22 million, a PE ratio of 18.56 and a beta of 0.55. The firm has a 50 day moving average of $47.47 and a two-hundred day moving average of $46.72. Invesco Food & Beverage ETF has a 12-month low of $42.11 and a 12-month high of $49.00.

About Invesco Food & Beverage ETF

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.