Summit Financial LLC Invests $315,000 in Invesco Building & Construction ETF (NYSEARCA:PKB)

Summit Financial LLC acquired a new stake in Invesco Building & Construction ETF (NYSEARCA:PKB) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 4,162 shares of the company’s stock, valued at approximately $315,000.

Several other institutional investors also recently bought and sold shares of PKB. Spire Wealth Management raised its stake in shares of Invesco Building & Construction ETF by 406.2% during the 4th quarter. Spire Wealth Management now owns 815 shares of the company’s stock worth $62,000 after buying an additional 654 shares in the last quarter. MML Investors Services LLC acquired a new position in Invesco Building & Construction ETF during the third quarter worth $213,000. PFG Investments LLC raised its position in Invesco Building & Construction ETF by 9.0% in the fourth quarter. PFG Investments LLC now owns 3,198 shares of the company’s stock worth $242,000 after acquiring an additional 265 shares in the last quarter. Independent Advisor Alliance acquired a new stake in Invesco Building & Construction ETF in the fourth quarter valued at $257,000. Finally, WMG Financial Advisors LLC boosted its position in shares of Invesco Building & Construction ETF by 6.6% during the 4th quarter. WMG Financial Advisors LLC now owns 3,510 shares of the company’s stock worth $266,000 after purchasing an additional 217 shares in the last quarter.

Invesco Building & Construction ETF Stock Down 5.7 %

NYSEARCA:PKB opened at $65.49 on Friday. The firm’s fifty day simple moving average is $72.24 and its 200-day simple moving average is $77.66. The stock has a market cap of $216.12 million, a PE ratio of 17.16 and a beta of 1.42. Invesco Building & Construction ETF has a fifty-two week low of $65.00 and a fifty-two week high of $88.96.

Invesco Building & Construction ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were given a dividend of $0.0064 per share. The ex-dividend date of this dividend was Monday, March 24th.

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.