Howe & Rusling Inc. Sells 1,541 Shares of Invesco Food & Beverage ETF (NYSEARCA:PBJ)

Howe & Rusling Inc. lessened its holdings in Invesco Food & Beverage ETF (NYSEARCA:PBJ) by 3.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,681 shares of the company’s stock after selling 1,541 shares during the quarter. Howe & Rusling Inc.’s holdings in Invesco Food & Beverage ETF were worth $2,123,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Jones Financial Companies Lllp lifted its position in 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 in the last quarter. Mainsail Financial Group LLC raised its holdings in Invesco Food & Beverage ETF by 4.1% during the fourth quarter. Mainsail Financial Group LLC now owns 82,375 shares of the company’s stock worth $3,828,000 after acquiring an additional 3,243 shares in the last quarter. Tocqueville Asset Management L.P. acquired a new position in Invesco Food & Beverage ETF during the fourth quarter valued at approximately $1,611,000. LPL Financial LLC grew its stake in Invesco Food & Beverage ETF by 2.9% in the fourth quarter. LPL Financial LLC now owns 128,500 shares of the company’s stock valued at $5,972,000 after purchasing an additional 3,585 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Invesco Food & Beverage ETF during the 4th quarter worth approximately $2,148,000.

Invesco Food & Beverage ETF Stock Up 0.5 %

Shares of Invesco Food & Beverage ETF stock opened at $45.63 on Thursday. Invesco Food & Beverage ETF has a 12-month low of $43.84 and a 12-month high of $49.27. The business’s 50 day moving average is $46.60 and its 200-day moving average is $47.20. The stock has a market cap of $94.00 million, a P/E ratio of 18.16 and a beta of 0.63.

Invesco Food & Beverage ETF Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 24th will be paid a $0.2226 dividend. The ex-dividend date of this dividend is Monday, March 24th. This is a boost from Invesco Food & Beverage ETF’s previous dividend of $0.15.

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.