Prudential PLC Sells 7,400 Shares of Invesco Leisure and Entertainment ETF (NYSEARCA:PEJ)

Prudential PLC lowered its stake in shares of Invesco Leisure and Entertainment ETF (NYSEARCA:PEJ) by 3.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 210,850 shares of the company’s stock after selling 7,400 shares during the quarter. Prudential PLC owned 3.38% of Invesco Leisure and Entertainment ETF worth $11,006,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Golden State Wealth Management LLC purchased a new stake in Invesco Leisure and Entertainment ETF in the fourth quarter worth about $26,000. Physician Wealth Advisors Inc. purchased a new stake in Invesco Leisure and Entertainment ETF in the 4th quarter worth approximately $103,000. Advisors Preferred LLC purchased a new stake in Invesco Leisure and Entertainment ETF in the 4th quarter worth approximately $136,000. Jones Financial Companies Lllp raised its stake in Invesco Leisure and Entertainment ETF by 34.5% during the 4th quarter. Jones Financial Companies Lllp now owns 5,005 shares of the company’s stock worth $261,000 after acquiring an additional 1,285 shares during the period. Finally, Financial Services Advisory Inc purchased a new position in Invesco Leisure and Entertainment ETF during the fourth quarter valued at approximately $875,000.

Invesco Leisure and Entertainment ETF Price Performance

Shares of NYSEARCA PEJ opened at $43.48 on Friday. The stock has a market cap of $275.23 million, a PE ratio of 21.48 and a beta of 1.20. Invesco Leisure and Entertainment ETF has a 1 year low of $41.20 and a 1 year high of $57.93. The firm has a fifty day moving average price of $52.70 and a 200-day moving average price of $51.77.

Invesco Leisure and Entertainment ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were paid a $0.023 dividend. The ex-dividend date was Monday, March 24th. This is a positive change from Invesco Leisure and Entertainment ETF’s previous dividend of $0.01.

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.