Royal Bank of Canada Has $8.80 Million Holdings in Invesco Building & Construction ETF $PKB

Royal Bank of Canada boosted its stake in Invesco Building & Construction ETF (NYSEARCA:PKB) by 308.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 90,245 shares of the company’s stock after purchasing an additional 68,150 shares during the quarter. Royal Bank of Canada’s holdings in Invesco Building & Construction ETF were worth $8,805,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Quantinno Capital Management LP grew its position in shares of Invesco Building & Construction ETF by 40.5% during the 1st quarter. Quantinno Capital Management LP now owns 8,643 shares of the company’s stock worth $843,000 after buying an additional 2,491 shares during the period. Cetera Investment Advisers raised its position in shares of Invesco Building & Construction ETF by 105.3% in the 1st quarter. Cetera Investment Advisers now owns 127,427 shares of the company’s stock valued at $12,433,000 after acquiring an additional 65,365 shares during the period. Independent Financial Group LLC acquired a new stake in shares of Invesco Building & Construction ETF in the 1st quarter valued at approximately $1,713,000. Sigma Planning Corp boosted its stake in Invesco Building & Construction ETF by 11.4% during the 1st quarter. Sigma Planning Corp now owns 4,625 shares of the company’s stock worth $451,000 after acquiring an additional 473 shares during the last quarter. Finally, Fifth Third Bancorp bought a new position in Invesco Building & Construction ETF during the 1st quarter worth approximately $52,000.

Invesco Building & Construction ETF Stock Performance

Shares of NYSEARCA PKB opened at $105.53 on Monday. The stock has a market cap of $452.72 million, a P/E ratio of 21.37 and a beta of 1.28. The firm has a 50 day moving average price of $105.27 and a 200 day moving average price of $103.92. Invesco Building & Construction ETF has a 52-week low of $88.27 and a 52-week high of $115.81.

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. 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.