Invesco Leisure and Entertainment ETF (NYSEARCA:PEJ) Stock Price Down 1.2% – What’s Next?

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

Invesco Leisure and Entertainment ETF Stock Performance

The company has a market capitalization of $322.34 million, a price-to-earnings ratio of 26.49 and a beta of 1.15. The firm’s 50 day simple moving average is $52.99 and its 200-day simple moving average is $48.61.

Institutional Trading of Invesco Leisure and Entertainment ETF

Institutional investors have recently bought and sold shares of the company. Kwmg LLC increased its stake 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 during the last quarter. Diversify Advisory Services LLC increased its position in Invesco Leisure and Entertainment ETF by 7.0% during the third quarter. Diversify Advisory Services LLC now owns 30,030 shares of the company’s stock worth $1,472,000 after buying an additional 1,976 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new position in Invesco Leisure and Entertainment ETF during the second quarter valued at about $102,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Invesco Leisure and Entertainment ETF in the third quarter worth about $229,000. Finally, Gateway Wealth Partners LLC bought a new stake in shares of Invesco Leisure and Entertainment ETF during the 2nd 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.