Dallas, Texas 02/18/2014 (FINANCIALSTRENDS) – PowerShares Dynamic Food & Beverage (ETF) (NYSEARCA:PBJ), which is a $222 million market capped exchange traded fund linked to the Dynamic Food & Beverage Intellidex Index has managed to break the shackles during trading last week after a prolonged slide in its valuation. It posted a spirited 4.22 percent appreciation in its market valuation, as compared to its previous 0.04 percent dip seen in the past one month on the back of some strong momentum building up in results announcements by the Food and the Beverage industry in U.S. All through last year, the fund has been swinging between $21.24 and $26.63 per share and has logged in an appreciation of 23.58 percent, year to date.
PowerShares Dynamic Food & Beverage (ETF) (NYSEARCA:PBJ) is part of the Consumer Staples Equities category and tracks its performance against the intellidex which tracks performance and results of 30 of the largest food and beverage companies in U.S. The funds top 5 holdings include its investment in The Hershey Company HSY, which constitutes 5.25 percent of its total asset base, while Archer-Daniels Midland Company investments add up to 5.02% of its overall holdings. Mondelez International Inc, General Mills, Inc, PepsiCo Inc and Coca-Cola are the other four top holdings. The fund holds all its investments in the form of U.S stocks, with 87 percent investments going into consumer defensive sector, while the rest 12.9 percent has got allocated to consumer cyclical sector.
PowerShares Dynamic Food & Beverage (ETF) (NYSEARCA:PBJ) investment pattern is a lot more secular when we consider the size of the business it has invested into. Large, medium and the small caps firms have attracted 32 percent, 26 percent, 24 percent of its investments, with all its investments going into companies which are traded on the U.S stock exchange.