Martin & Co. Inc. TN Has $1.97 Million Stock Holdings in Invesco Food & Beverage ETF (NYSEARCA:PBJ)

Martin & Co. Inc. TN decreased its position in Invesco Food & Beverage ETF (NYSEARCA:PBJ) by 4.1% in the 2nd quarter, HoldingsChannel reports. The fund owned 43,354 shares of the company’s stock after selling 1,831 shares during the period. Martin & Co. Inc. TN’s holdings in Invesco Food & Beverage ETF were worth $1,970,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the company. Wealthcare Advisory Partners LLC boosted its position in shares of Invesco Food & Beverage ETF by 0.8% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 27,053 shares of the company’s stock valued at $1,230,000 after acquiring an additional 223 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Invesco Food & Beverage ETF by 97.1% during the first quarter. JPMorgan Chase & Co. now owns 550 shares of the company’s stock valued at $25,000 after purchasing an additional 271 shares in the last quarter. CWM LLC grew its stake in shares of Invesco Food & Beverage ETF by 41.7% in the 2nd quarter. CWM LLC now owns 1,280 shares of the company’s stock valued at $58,000 after purchasing an additional 377 shares during the period. Cetera Advisor Networks LLC raised its holdings in shares of Invesco Food & Beverage ETF by 9.6% in the 1st quarter. Cetera Advisor Networks LLC now owns 5,696 shares of the company’s stock worth $263,000 after buying an additional 500 shares in the last quarter. Finally, Millennium Management LLC raised its holdings in shares of Invesco Food & Beverage ETF by 2.1% in the 4th quarter. Millennium Management LLC now owns 26,010 shares of the company’s stock worth $1,187,000 after buying an additional 539 shares in the last quarter.

Invesco Food & Beverage ETF Trading Up 0.1 %

PBJ stock traded up $0.03 during trading on Monday, hitting $43.15. The company had a trading volume of 615 shares, compared to its average volume of 53,267. The company has a fifty day moving average price of $42.08 and a two-hundred day moving average price of $44.30. Invesco Food & Beverage ETF has a fifty-two week low of $40.05 and a fifty-two week high of $48.54. The company has a market cap of $257.17 million, a P/E ratio of 15.39 and a beta of 0.63.

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.