For its part, PSL is not a stranger to food and beverage M&A. The ETF earned some time in the limelight last year when Tyson Food (NYSE: TSN) and Pilgrim’s Pride (NYSE: PPC) fought for Hillshire Brands. [A Meat Wars ETF]
Other PSL holdings that have been previously mentioned as potential targets include Constellation Brands (NYSE: STZ) and Dr. Pepper Snapple (NYSE: DPS), a combined 7.4% of the ETF’s weight.
Advisors and investors have been embracing PSL this year. Now home to over $132 million in assets under management, $60.6 million of that has come into the ETF just this year, according to PowerShares data.
PowerShares DWA Consumer Staples Momentum Portfolio
