Tocqueville Asset Management L.P. Acquires New Holdings in Invesco Food & Beverage ETF (NYSEARCA:PBJ)

Tocqueville Asset Management L.P. bought a new position in shares of Invesco Food & Beverage ETF (NYSEARCA:PBJ) during the 4th quarter, Holdings Channel reports. The institutional investor bought 34,655 shares of the company’s stock, valued at approximately $1,611,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Kingsview Wealth Management LLC acquired a new stake in shares of Invesco Food & Beverage ETF in the third quarter valued at approximately $6,775,000. Mainsail Financial Group LLC raised its stake in Invesco Food & Beverage ETF by 4.1% in the 4th quarter. Mainsail Financial Group LLC now owns 82,375 shares of the company’s stock valued at $3,828,000 after acquiring an additional 3,243 shares during the period. Howe & Rusling Inc. lifted its holdings in Invesco Food & Beverage ETF by 0.5% during the 3rd quarter. Howe & Rusling Inc. now owns 47,222 shares of the company’s stock valued at $2,283,000 after purchasing an additional 222 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Invesco Food & Beverage ETF in the fourth quarter valued at $2,148,000. Finally, Jones Financial Companies Lllp lifted its stake in shares of Invesco Food & Beverage ETF by 406.6% during the 4th quarter. Jones Financial Companies Lllp now owns 841 shares of the company’s stock worth $39,000 after buying an additional 675 shares during the last quarter.

Invesco Food & Beverage ETF Stock Performance

Shares of PBJ opened at $45.34 on Thursday. The firm has a market cap of $93.40 million, a P/E ratio of 18.16 and a beta of 0.63. Invesco Food & Beverage ETF has a 52 week low of $43.84 and a 52 week high of $49.27. The firm’s 50-day simple moving average is $46.65 and its 200 day simple moving average is $47.27.

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.