Independent Financial Group LLC Invests $1.71 Million in Invesco Building & Construction ETF $PKB

Independent Financial Group LLC acquired a new stake in Invesco Building & Construction ETF (NYSEARCA:PKB) in the first quarter, HoldingsChannel reports. The firm acquired 17,559 shares of the company’s stock, valued at approximately $1,713,000.

Several other institutional investors and hedge funds have also modified their holdings of PKB. NewEdge Advisors LLC boosted its position in Invesco Building & Construction ETF by 3.3% during the first quarter. NewEdge Advisors LLC now owns 5,723 shares of the company’s stock worth $385,000 after acquiring an additional 185 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in Invesco Building & Construction ETF by 1,539.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 47,207 shares of the company’s stock valued at $3,178,000 after acquiring an additional 44,327 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of Invesco Building & Construction ETF by 38.0% during the 1st quarter. Jane Street Group LLC now owns 4,414 shares of the company’s stock worth $297,000 after purchasing an additional 1,215 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of Invesco Building & Construction ETF by 244.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 20,000 shares of the company’s stock worth $1,912,000 after purchasing an additional 14,200 shares during the period. Finally, UBS Group AG boosted its holdings in shares of Invesco Building & Construction ETF by 240.4% during the third quarter. UBS Group AG now owns 66,043 shares of the company’s stock worth $6,314,000 after purchasing an additional 46,643 shares during the last quarter.

Invesco Building & Construction ETF Price Performance

Shares of NYSEARCA:PKB opened at $102.15 on Monday. The company has a market cap of $435.16 million, a P/E ratio of 21.37 and a beta of 1.27. The business has a fifty day simple moving average of $105.46 and a 200-day simple moving average of $103.40. Invesco Building & Construction ETF has a 52 week low of $81.88 and a 52 week high of $115.81.

Invesco Building & Construction ETF Company 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.