Northwestern Mutual Wealth Management Co. Buys 9,183 Shares of Invesco Building & Construction ETF $PKB

Northwestern Mutual Wealth Management Co. raised its stake in shares of Invesco Building & Construction ETF (NYSEARCA:PKB) by 14.2% in the fourth quarter, Holdings Channel reports. The fund owned 73,650 shares of the company’s stock after acquiring an additional 9,183 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Invesco Building & Construction ETF were worth $6,819,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. NewEdge Advisors LLC raised its holdings in shares of Invesco Building & Construction ETF by 3.3% in the first quarter. NewEdge Advisors LLC now owns 5,723 shares of the company’s stock valued at $385,000 after buying an additional 185 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of 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 valued at $3,178,000 after buying an additional 44,327 shares during the last quarter. Jane Street Group LLC raised its holdings in shares of Invesco Building & Construction ETF by 38.0% in the first quarter. Jane Street Group LLC now owns 4,414 shares of the company’s stock valued at $297,000 after buying an additional 1,215 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in shares of Invesco Building & Construction ETF in the third quarter valued at about $527,000. Finally, Truist Financial Corp raised its holdings in shares of Invesco Building & Construction ETF by 1.2% in the third quarter. Truist Financial Corp now owns 43,245 shares of the company’s stock valued at $4,134,000 after buying an additional 511 shares during the last quarter.

Invesco Building & Construction ETF Stock Up 0.9%

Invesco Building & Construction ETF stock opened at $104.20 on Wednesday. The stock has a 50-day simple moving average of $102.89 and a 200 day simple moving average of $100.46. Invesco Building & Construction ETF has a 12-month low of $76.50 and a 12-month high of $111.24. The stock has a market capitalization of $436.60 million, a price-to-earnings ratio of 21.37 and a beta of 1.31.

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. 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.