HighTower Advisors LLC Lowers Position in Invesco Building & Construction ETF $PKB

HighTower Advisors LLC lessened its holdings in Invesco Building & Construction ETF (NYSEARCA:PKB) by 36.0% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,878 shares of the company’s stock after selling 4,986 shares during the period. HighTower Advisors LLC’s holdings in Invesco Building & Construction ETF were worth $822,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. NewEdge Advisors LLC raised its position 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 worth $385,000 after buying an additional 185 shares in the last quarter. Apollon Wealth Management LLC increased its stake in Invesco Building & Construction ETF by 10.2% in the fourth quarter. Apollon Wealth Management LLC now owns 2,690 shares of the company’s stock valued at $249,000 after acquiring an additional 248 shares during the last quarter. Strategic Advocates LLC bought a new position in Invesco Building & Construction ETF in the third quarter valued at $27,000. Sigma Planning Corp increased its stake in Invesco Building & Construction ETF by 9.5% in the fourth quarter. Sigma Planning Corp now owns 4,152 shares of the company’s stock valued at $384,000 after acquiring an additional 361 shares during the last quarter. Finally, High Point Wealth Management LLC bought a new position in Invesco Building & Construction ETF in the fourth quarter valued at $107,000.

Invesco Building & Construction ETF Stock Down 1.9%

PKB opened at $103.63 on Friday. The stock has a market cap of $434.21 million, a PE ratio of 21.37 and a beta of 1.28. Invesco Building & Construction ETF has a 52 week low of $76.50 and a 52 week high of $111.24. The business’s fifty day simple moving average is $103.53 and its 200 day simple moving average is $100.71.

Invesco Building & Construction ETF Company 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.