Capital Asset Advisory Services LLC Purchases New Stake in Invesco Building & Construction ETF $PKB

Capital Asset Advisory Services LLC purchased a new stake in shares of Invesco Building & Construction ETF (NYSEARCA:PKB) in the 1st quarter, Holdings Channel reports. The fund purchased 20,314 shares of the company’s stock, valued at approximately $2,183,000.

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

Invesco Building & Construction ETF Stock Performance

Shares of PKB stock opened at $109.07 on Thursday. Invesco Building & Construction ETF has a 52 week low of $81.22 and a 52 week high of $115.81. The company has a market capitalization of $459.18 million, a price-to-earnings ratio of 21.37 and a beta of 1.27. The company has a 50-day simple moving average of $106.16 and a 200 day simple moving average of $102.62.

About Invesco Building & Construction ETF

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.