Invesco Leisure and Entertainment ETF (NYSEARCA:PEJ) Stock Price Down 1.2% – Time to Sell?

Shares of Invesco Leisure and Entertainment ETF (NYSEARCA:PEJ) were down 1.2% during mid-day trading on Friday . The company traded as low as $51.42 and last traded at $51.74. Approximately 19,640 shares were traded during mid-day trading, a decline of 62% from the average daily volume of 52,123 shares. The stock had previously closed at $52.37.

Invesco Leisure and Entertainment ETF Trading Down 1.2 %

The business’s fifty day moving average price is $52.99 and its 200 day moving average price is $48.58. The company has a market capitalization of $322.34 million, a P/E ratio of 26.49 and a beta of 1.15.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PEJ. JPMorgan Chase & Co. lifted its holdings in shares of Invesco Leisure and Entertainment ETF by 92.7% during the third quarter. JPMorgan Chase & Co. now owns 135,083 shares of the company’s stock valued at $6,442,000 after acquiring an additional 64,983 shares during the period. Kwmg LLC increased its position in shares of Invesco Leisure and Entertainment ETF by 2.1% during the 3rd quarter. Kwmg LLC now owns 38,605 shares of the company’s stock worth $1,841,000 after purchasing an additional 783 shares in the last quarter. Diversify Advisory Services LLC lifted its holdings in Invesco Leisure and Entertainment ETF by 7.0% during the 3rd quarter. Diversify Advisory Services LLC now owns 30,030 shares of the company’s stock valued at $1,472,000 after purchasing an additional 1,976 shares during the last quarter. Wealthspire Advisors LLC acquired a new position in Invesco Leisure and Entertainment ETF in the second quarter valued at about $255,000. Finally, Gateway Wealth Partners LLC bought a new stake in Invesco Leisure and Entertainment ETF during the second quarter worth about $253,000.

About Invesco Leisure and Entertainment ETF

PowerShares Dynamic Leisure and Entertainment Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Leisure and Entertainment Intellidex Index (the Index). The Index is designed to provide capital appreciation by thoroughly evaluating companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investment timeliness and risk factors.