35,350 Shares in Invesco Building & Construction ETF (NYSEARCA:PKB) Bought by Apollon Wealth Management LLC

Apollon Wealth Management LLC acquired a new position in shares of Invesco Building & Construction ETF (NYSEARCA:PKB) 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.