Commonwealth Equity Services LLC Acquires 614 Shares of Invesco Building & Construction ETF (NYSEARCA:PKB)

Commonwealth Equity Services LLC boosted its stake in shares of Invesco Building & Construction ETF (NYSEARCA:PKB) by 6.2% during the 4th quarter, HoldingsChannel reports. The fund owned 10,475 shares of the company’s stock after purchasing an additional 614 shares during the period. Commonwealth Equity Services LLC’s holdings in Invesco Building & Construction ETF were worth $793,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. FMR LLC increased its position in shares of Invesco Building & Construction ETF by 31.8% during the third quarter. FMR LLC now owns 5,216 shares of the company’s stock worth $415,000 after acquiring an additional 1,258 shares during the period. Stifel Financial Corp grew its stake in Invesco Building & Construction ETF by 8.6% in the third quarter. Stifel Financial Corp now owns 44,166 shares of the company’s stock worth $3,515,000 after purchasing an additional 3,496 shares in the last quarter. MML Investors Services LLC bought a new position in Invesco Building & Construction ETF in the third quarter worth approximately $213,000. Janney Montgomery Scott LLC purchased a new position in Invesco Building & Construction ETF during the 4th quarter worth $1,665,000. Finally, PFG Investments LLC raised its position in Invesco Building & Construction ETF by 9.0% during the 4th quarter. PFG Investments LLC now owns 3,198 shares of the company’s stock valued at $242,000 after purchasing an additional 265 shares in the last quarter.

Invesco Building & Construction ETF Price Performance

PKB stock opened at $69.44 on Thursday. Invesco Building & Construction ETF has a 1-year low of $65.50 and a 1-year high of $88.96. The business has a 50-day moving average price of $72.58 and a 200 day moving average price of $77.74. The company has a market capitalization of $229.15 million, a P/E ratio of 17.16 and a beta of 1.42.

Invesco Building & Construction ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were given a $0.0064 dividend. The ex-dividend date was Monday, March 24th.

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.