Ibex Wealth Advisors Purchases New Position in Invesco Building & Construction ETF $PKB

Ibex Wealth Advisors purchased a new stake in Invesco Building & Construction ETF (NYSEARCA:PKB) during the 1st quarter, Holdings Channel.com reports. The fund purchased 7,446 shares of the company’s stock, valued at approximately $727,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PKB. Strategic Advocates LLC acquired a new stake in Invesco Building & Construction ETF during the third quarter worth approximately $27,000. one8zero8 LLC acquired a new position in shares of Invesco Building & Construction ETF in the 4th quarter valued at $31,000. Steward Partners Investment Advisory LLC acquired a new position in shares of Invesco Building & Construction ETF in the 4th quarter valued at $46,000. High Point Wealth Management LLC purchased a new position in shares of Invesco Building & Construction ETF in the 4th quarter valued at $107,000. Finally, Global Retirement Partners LLC grew its position in shares of Invesco Building & Construction ETF by 30.8% in the 4th quarter. Global Retirement Partners LLC now owns 1,203 shares of the company’s stock valued at $111,000 after buying an additional 283 shares during the last quarter.

Invesco Building & Construction ETF Price Performance

Shares of NYSEARCA:PKB opened at $103.68 on Friday. The company’s fifty day moving average price is $105.98 and its 200 day moving average price is $103.06. Invesco Building & Construction ETF has a 12 month low of $81.23 and a 12 month high of $115.81. The firm has a market capitalization of $439.60 million, a P/E ratio of 21.37 and a beta of 1.27.

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.