Invesco Dynamic Food & Beverage ETF (NYSEARCA:PBJ) Position Reduced by IHT Wealth Management LLC

IHT Wealth Management LLC decreased its position in shares of Invesco Dynamic Food & Beverage ETF (NYSEARCA:PBJ – Get Rating) by 11.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,306 shares of the company’s stock after selling 3,298 shares during the period. IHT Wealth Management LLC’s holdings in Invesco Dynamic Food & Beverage ETF were worth $1,105,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in Invesco Dynamic Food & Beverage ETF by 97.1% during the first quarter. JPMorgan Chase & Co. now owns 550 shares of the company’s stock worth $25,000 after purchasing an additional 271 shares in the last quarter. Continuum Advisory LLC increased its holdings in shares of Invesco Dynamic Food & Beverage ETF by 9.1% in the third quarter. Continuum Advisory LLC now owns 5,588 shares of the company’s stock valued at $235,000 after buying an additional 465 shares in the last quarter. Cetera Advisor Networks LLC increased its holdings in shares of Invesco Dynamic Food & Beverage ETF by 9.6% in the first quarter. Cetera Advisor Networks LLC now owns 5,696 shares of the company’s stock valued at $263,000 after buying an additional 500 shares in the last quarter. Martin & Co. Inc. TN increased its holdings in shares of Invesco Dynamic Food & Beverage ETF by 2.6% in the third quarter. Martin & Co. Inc. TN now owns 44,904 shares of the company’s stock valued at $1,886,000 after buying an additional 1,135 shares in the last quarter. Finally, DB Wealth Management Group LLC increased its holdings in shares of Invesco Dynamic Food & Beverage ETF by 97.2% in the third quarter. DB Wealth Management Group LLC now owns 2,358 shares of the company’s stock valued at $99,000 after buying an additional 1,162 shares in the last quarter.

Invesco Dynamic Food & Beverage ETF Stock Performance

NYSEARCA PBJ opened at $44.87 on Friday. The stock has a market capitalization of $347.74 million, a P/E ratio of 15.39 and a beta of 0.63. Invesco Dynamic Food & Beverage ETF has a 1 year low of $41.86 and a 1 year high of $49.46. The business’s fifty day moving average is $45.70 and its two-hundred day moving average is $45.62.

About Invesco Dynamic Food & Beverage ETF

(Get Rating)

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.