Commonwealth Equity Services LLC Grows Position in Invesco Building & Construction ETF (NYSEARCA:PKB)

Commonwealth Equity Services LLC lifted its position in shares of Invesco Building & Construction ETF (NYSEARCA:PKB) by 6.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,475 shares of the company’s stock after purchasing an additional 614 shares during the quarter. Commonwealth Equity Services LLC owned about 0.25% of Invesco Building & Construction ETF worth $793,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PKB. Raymond James Financial Inc. bought a new position in shares of Invesco Building & Construction ETF in the fourth quarter worth approximately $13,651,000. Stifel Financial Corp lifted its position in Invesco Building & Construction ETF by 8.6% in the 3rd quarter. Stifel Financial Corp now owns 44,166 shares of the company’s stock valued at $3,515,000 after acquiring an additional 3,496 shares in the last quarter. Apollon Wealth Management LLC boosted its stake in Invesco Building & Construction ETF by 11.8% during the 4th quarter. Apollon Wealth Management LLC now owns 40,792 shares of the company’s stock valued at $3,089,000 after purchasing an additional 4,313 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of Invesco Building & Construction ETF in the 4th quarter worth $1,665,000. Finally, DAVENPORT & Co LLC raised its stake in shares of Invesco Building & Construction ETF by 1.9% in the fourth quarter. DAVENPORT & Co LLC now owns 16,667 shares of the company’s stock worth $1,262,000 after purchasing an additional 316 shares during the last quarter.

Invesco Building & Construction ETF Stock Up 2.1 %

Shares of Invesco Building & Construction ETF stock opened at $69.44 on Thursday. Invesco Building & Construction ETF has a twelve month low of $65.50 and a twelve month high of $88.96. The company’s 50 day moving average is $72.58 and its 200 day moving average is $77.74. The company has a market cap of $229.15 million, a price-to-earnings ratio of 17.16 and a beta of 1.42.

Invesco Building & Construction ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were paid a dividend of $0.0064 per share. The ex-dividend date was Monday, March 24th.

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.