Absolute Capital Management LLC Acquires New Holdings in Invesco Building & Construction ETF (NYSEARCA:PKB)

Absolute Capital Management LLC acquired a new stake in shares of Invesco Building & Construction ETF (NYSEARCA:PKB) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,500 shares of the company’s stock, valued at approximately $221,000.

A number of other institutional investors also recently modified their holdings of the company. Nilsine Partners LLC raised its position in shares of Invesco Building & Construction ETF by 1.0% in the third quarter. Nilsine Partners LLC now owns 24,172 shares of the company’s stock valued at $1,220,000 after purchasing an additional 229 shares during the period. Commonwealth Equity Services LLC raised its position in shares of Invesco Building & Construction ETF by 2.8% in the third quarter. Commonwealth Equity Services LLC now owns 9,051 shares of the company’s stock valued at $457,000 after purchasing an additional 246 shares during the period. Global Retirement Partners LLC raised its position in shares of Invesco Building & Construction ETF by 23.5% in the fourth quarter. Global Retirement Partners LLC now owns 1,754 shares of the company’s stock valued at $108,000 after purchasing an additional 334 shares during the period. DAVENPORT & Co LLC raised its position in shares of Invesco Building & Construction ETF by 4.7% in the third quarter. DAVENPORT & Co LLC now owns 10,103 shares of the company’s stock valued at $510,000 after purchasing an additional 453 shares during the period. Finally, Stifel Financial Corp raised its position in shares of Invesco Building & Construction ETF by 1.1% in the third quarter. Stifel Financial Corp now owns 43,372 shares of the company’s stock valued at $2,189,000 after purchasing an additional 476 shares during the period.

Invesco Building & Construction ETF Stock Up 1.7 %

NYSEARCA:PKB opened at $70.54 on Friday. Invesco Building & Construction ETF has a 12 month low of $45.61 and a 12 month high of $75.18. The firm has a market cap of $289.92 million, a price-to-earnings ratio of 12.63 and a beta of 1.37. The company’s 50 day moving average is $70.36 and its 200-day moving average is $62.25.

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.