Northwest Financial Advisors Buys Shares of 2,854 Invesco Building & Construction ETF $PKB

Northwest Financial Advisors purchased a new stake in shares of Invesco Building & Construction ETF (NYSEARCA:PKB) in the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 2,854 shares of the company’s stock, valued at approximately $229,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Goldman Sachs Group Inc. lifted its holdings in Invesco Building & Construction ETF by 1,539.1% in the first quarter. Goldman Sachs Group Inc. now owns 47,207 shares of the company’s stock worth $3,178,000 after purchasing an additional 44,327 shares during the period. Avantax Advisory Services Inc. acquired a new stake in Invesco Building & Construction ETF during the 1st quarter worth about $2,980,000. Silver Oak Securities Incorporated acquired a new stake in Invesco Building & Construction ETF during the 1st quarter worth about $734,000. Flow Traders U.S. LLC acquired a new stake in Invesco Building & Construction ETF during the 1st quarter worth about $400,000. Finally, Cetera Investment Advisers increased its holdings in shares of Invesco Building & Construction ETF by 67.1% in the 1st quarter. Cetera Investment Advisers now owns 7,522 shares of the company’s stock valued at $506,000 after purchasing an additional 3,021 shares during the period.

Invesco Building & Construction ETF Price Performance

Shares of PKB opened at $98.00 on Wednesday. The company has a market capitalization of $303.80 million, a price-to-earnings ratio of 21.37 and a beta of 1.30. The business’s 50-day moving average is $93.84 and its 200-day moving average is $84.23. Invesco Building & Construction ETF has a fifty-two week low of $59.89 and a fifty-two week high of $100.05.

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.