Independent Financial Group LLC bought a new position in shares of Invesco Building & Construction ETF (NYSEARCA:PKB – Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 17,559 shares of the company’s stock, valued at approximately $1,713,000. Independent Financial Group LLC owned about 0.42% of Invesco Building & Construction ETF at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Elm3 Financial Group LLC acquired a new stake in shares of Invesco Building & Construction ETF in the fourth quarter valued at approximately $530,000. Fifth Third Securities Inc. acquired a new position in shares of Invesco Building & Construction ETF during the 4th quarter worth approximately $550,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Invesco Building & Construction ETF by 14.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 73,650 shares of the company’s stock worth $6,819,000 after purchasing an additional 9,183 shares during the last quarter. Ibex Wealth Advisors purchased a new stake in Invesco Building & Construction ETF in the 1st quarter valued at approximately $727,000. Finally, Private Advisor Group LLC acquired a new stake in Invesco Building & Construction ETF during the 1st quarter valued at $574,000.
Invesco Building & Construction ETF Stock Performance
Invesco Building & Construction ETF stock opened at $102.15 on Monday. The stock has a fifty day moving average of $105.46 and a two-hundred day moving average of $103.40. The company has a market capitalization of $435.16 million, a price-to-earnings ratio of 21.37 and a beta of 1.27. Invesco Building & Construction ETF has a fifty-two week low of $81.88 and a fifty-two week high of $115.81.
Invesco Building & Construction ETF Profile
PowerShares Dynamic Building & Construction Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Building & Construction Intellidex Index (the Index). The Index evaluates companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investment timeliness and risk factors. The Index consists of stocks of 30 United States building and construction companies. These are companies that are primarily engaged in providing construction and related engineering services for building and remodeling residential properties, commercial or industrial buildings, or working on large-scale infrastructure projects, such as highways, tunnels, bridges, dams, power lines and airports.
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