DAVENPORT & Co LLC Has $1.39 Million Stake in Invesco Building & Construction ETF $PKB

DAVENPORT & Co LLC raised its stake in Invesco Building & Construction ETF (NYSEARCA:PKB) by 3.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,265 shares of the company’s stock after buying an additional 521 shares during the quarter. DAVENPORT & Co LLC owned 0.61% of Invesco Building & Construction ETF worth $1,387,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Accel Wealth Management lifted its stake in Invesco Building & Construction ETF by 17.7% in the second quarter. Accel Wealth Management now owns 6,248 shares of the company’s stock valued at $502,000 after buying an additional 940 shares during the period. Janney Montgomery Scott LLC acquired a new position in Invesco Building & Construction ETF in the second quarter valued at about $210,000. Farther Finance Advisors LLC acquired a new position in Invesco Building & Construction ETF in the second quarter valued at about $121,000. Goldman Sachs Group Inc. lifted its stake in Invesco Building & Construction ETF by 1,539.1% in the first quarter. Goldman Sachs Group Inc. now owns 47,207 shares of the company’s stock valued at $3,178,000 after buying an additional 44,327 shares during the period. Finally, Jane Street Group LLC lifted its stake in Invesco Building & Construction ETF by 38.0% in the first quarter. Jane Street Group LLC now owns 4,414 shares of the company’s stock valued at $297,000 after buying an additional 1,215 shares during the period.

Invesco Building & Construction ETF Trading Down 1.6%

NYSEARCA:PKB opened at $94.14 on Friday. Invesco Building & Construction ETF has a 1-year low of $59.89 and a 1-year high of $96.05. The business’s 50-day moving average price is $92.03 and its two-hundred day moving average price is $81.34. The firm has a market capitalization of $295.60 million, a price-to-earnings ratio of 21.37 and a beta of 1.26.

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.