Apollon Wealth Management LLC acquired a new position in shares of Invesco Building & Construction ETF (NYSEARCA:PKB – Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 35,350 shares of the company’s stock, valued at approximately $2,397,000.
Several other hedge funds and other institutional investors have also modified their holdings of PKB. SMI Advisory Services LLC bought a new position in Invesco Building & Construction ETF during the first quarter valued at about $5,686,000. Outlook Wealth Advisors LLC bought a new position in Invesco Building & Construction ETF during the second quarter valued at about $962,000. Choreo LLC bought a new position in Invesco Building & Construction ETF during the fourth quarter valued at about $232,000. Accel Wealth Management bought a new position in Invesco Building & Construction ETF during the first quarter valued at about $272,000. Finally, Absolute Capital Management LLC acquired a new stake in shares of Invesco Building & Construction ETF in the fourth quarter valued at about $221,000.
Invesco Building & Construction ETF Stock Performance
Shares of NYSEARCA:PKB traded up $0.82 during midday trading on Monday, hitting $71.67. The company’s stock had a trading volume of 12,960 shares, compared to its average volume of 30,829. The stock has a market capitalization of $299.58 million, a price-to-earnings ratio of 13.36 and a beta of 1.43. The stock’s 50 day simple moving average is $70.25 and its 200 day simple moving average is $69.94. Invesco Building & Construction ETF has a fifty-two week low of $46.67 and a fifty-two week high of $77.71.
About Invesco Building & Construction ETF
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.
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