Kingsview Wealth Management LLC Buys New Holdings in Invesco Food & Beverage ETF (NYSEARCA:PBJ)

Kingsview Wealth Management LLC acquired a new position in shares of Invesco Food & Beverage ETF (NYSEARCA:PBJ) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 140,126 shares of the company’s stock, valued at approximately $6,775,000. Kingsview Wealth Management LLC owned approximately 5.19% of Invesco Food & Beverage ETF at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Westside Investment Management Inc. acquired a new stake in Invesco Food & Beverage ETF during the second quarter worth approximately $59,000. Howe & Rusling Inc. raised its holdings in Invesco Food & Beverage ETF by 0.5% during the third quarter. Howe & Rusling Inc. now owns 47,222 shares of the company’s stock worth $2,283,000 after purchasing an additional 222 shares in the last quarter. Finally, Mainsail Financial Group LLC raised 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 purchasing an additional 14,441 shares in the last quarter.

Invesco Food & Beverage ETF Trading Up 0.7 %

PBJ stock opened at $48.32 on Friday. Invesco Food & Beverage ETF has a twelve month low of $43.51 and a twelve month high of $49.00. The company’s 50 day moving average is $47.56 and its two-hundred day moving average is $46.71. The stock has a market cap of $130.47 million, a P/E ratio of 18.56 and a beta of 0.55.

Invesco Food & Beverage ETF 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.