Kingsview Wealth Management LLC Invests $6.78 Million in Invesco Food & Beverage ETF (NYSEARCA:PBJ)

Kingsview Wealth Management LLC bought a new position in shares of Invesco Food & Beverage ETF (NYSEARCA:PBJ) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 140,126 shares of the company’s stock, valued at approximately $6,775,000. Kingsview Wealth Management LLC owned about 0.05% of Invesco Food & Beverage ETF at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Howe & Rusling Inc. grew its position in shares of 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 acquiring an additional 222 shares during the last quarter. Mainsail Financial Group LLC grew its position in 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 during the last quarter. Finally, Westside Investment Management Inc. purchased a new position in Invesco Food & Beverage ETF in the 2nd quarter valued at $59,000.

Invesco Food & Beverage ETF Price Performance

NYSEARCA:PBJ opened at $48.32 on Friday. The firm’s fifty day moving average price is $47.56 and its 200 day moving average price is $46.71. Invesco Food & Beverage ETF has a 1-year low of $43.51 and a 1-year high of $49.00. The firm has a market cap of $130.47 million, a price-to-earnings ratio of 18.56 and a beta of 0.55.

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.