Cetera Investment Advisers Raises Stake in Invesco Building & Construction ETF $PKB

Cetera Investment Advisers grew its position in Invesco Building & Construction ETF (NYSEARCA:PKB) by 105.3% in the first quarter, HoldingsChannel.com reports. The firm owned 127,427 shares of the company’s stock after acquiring an additional 65,365 shares during the period. Cetera Investment Advisers’ holdings in Invesco Building & Construction ETF were worth $12,433,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PKB. UBS Group AG raised its position in shares of Invesco Building & Construction ETF by 240.4% during the 3rd quarter. UBS Group AG now owns 66,043 shares of the company’s stock valued at $6,314,000 after purchasing an additional 46,643 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Invesco Building & Construction ETF by 1,539.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 47,207 shares of the company’s stock valued at $3,178,000 after buying an additional 44,327 shares in the last quarter. Capital Asset Advisory Services LLC bought a new position in Invesco Building & Construction ETF in the 1st quarter worth $2,183,000. Independent Financial Group LLC bought a new position in Invesco Building & Construction ETF in the 1st quarter worth $1,713,000. Finally, BNP Paribas Financial Markets boosted its holdings in Invesco Building & Construction ETF by 244.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 20,000 shares of the company’s stock worth $1,912,000 after buying an additional 14,200 shares during the period.

Invesco Building & Construction ETF Stock Performance

Shares of PKB stock opened at $97.50 on Thursday. The stock has a fifty day simple moving average of $105.27 and a two-hundred day simple moving average of $103.78. The firm has a market capitalization of $418.27 million, a PE ratio of 21.37 and a beta of 1.27. Invesco Building & Construction ETF has a 52-week low of $82.88 and a 52-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.