Invesco Building & Construction ETF (NYSEARCA:PKB) Trading Down 0.5% – Here’s Why

Invesco Building & Construction ETF (NYSEARCA:PKB) shares traded down 0.5% during trading on Monday . The company traded as low as $110.47 and last traded at $111.64. 20,128 shares changed hands during mid-day trading, a decline of 26% from the average session volume of 27,060 shares. The stock had previously closed at $112.25.

Invesco Building & Construction ETF Trading Down 0.5%

The company has a 50 day moving average price of $106.01 and a 200 day moving average price of $102.43. The company has a market capitalization of $467.77 million, a price-to-earnings ratio of 21.37 and a beta of 1.28.

Hedge Funds Weigh In On Invesco Building & Construction ETF

Several hedge funds have recently added to or reduced their stakes in the company. Strategic Advocates LLC acquired a new stake in Invesco Building & Construction ETF in the third quarter worth about $27,000. Glenmede Trust Co. NA acquired a new position in Invesco Building & Construction ETF during the 1st quarter valued at about $28,000. one8zero8 LLC bought a new position in shares of Invesco Building & Construction ETF in the 4th quarter valued at about $31,000. Steward Partners Investment Advisory LLC bought a new position in shares of Invesco Building & Construction ETF in the 4th quarter valued at about $46,000. Finally, Fifth Third Bancorp acquired a new stake in shares of Invesco Building & Construction ETF during the 1st quarter worth approximately $52,000.

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.