Invesco Building & Construction ETF (NYSEARCA:PKB) Shares Purchased by Bank of America Corp DE

Bank of America Corp DE grew its position in Invesco Building & Construction ETF (NYSEARCA:PKB) by 25.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,052,742 shares of the company’s stock after buying an additional 212,105 shares during the quarter. Bank of America Corp DE owned 0.25% of Invesco Building & Construction ETF worth $79,708,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Ameriprise Financial Inc. grew its stake in Invesco Building & Construction ETF by 15.0% in the 4th quarter. Ameriprise Financial Inc. now owns 34,305 shares of the company’s stock worth $2,598,000 after acquiring an additional 4,471 shares during the period. Jane Street Group LLC acquired a new position in shares of Invesco Building & Construction ETF during the 4th quarter valued at $242,000. Mariner LLC lifted its holdings in shares of Invesco Building & Construction ETF by 31.7% during the 4th quarter. Mariner LLC now owns 7,231 shares of the company’s stock valued at $547,000 after acquiring an additional 1,740 shares in the last quarter. Bank of Montreal Can acquired a new position in Invesco Building & Construction ETF in the 4th quarter worth $62,000. Finally, Envestnet Asset Management Inc. lifted its holdings in Invesco Building & Construction ETF by 151.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 19,743 shares of the company’s stock worth $1,495,000 after buying an additional 11,888 shares in the last quarter.

Invesco Building & Construction ETF Price Performance

Shares of PKB stock opened at $77.61 on Tuesday. The firm has a market capitalization of $226.62 million, a P/E ratio of 22.26 and a beta of 1.28. The company’s fifty day moving average price is $68.54 and its two-hundred day moving average price is $75.46. Invesco Building & Construction ETF has a 12 month low of $59.89 and a 12 month high of $88.96.

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.