Cambridge Investment Research Advisors Inc. Sells 6,724 Shares of Invesco Building & Construction ETF (NYSEARCA:PKB)

Cambridge Investment Research Advisors Inc. lessened its stake in shares of Invesco Building & Construction ETF (NYSEARCA:PKB) by 34.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,847 shares of the company’s stock after selling 6,724 shares during the period. Cambridge Investment Research Advisors Inc. owned approximately 0.42% of Invesco Building & Construction ETF worth $865,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PKB. Cetera Investment Advisers increased its holdings in shares of Invesco Building & Construction ETF by 3.8% in the 4th quarter. Cetera Investment Advisers now owns 4,501 shares of the company’s stock worth $341,000 after purchasing an additional 166 shares in the last quarter. Accel Wealth Management increased its holdings in shares of Invesco Building & Construction ETF by 10.2% in the 1st quarter. Accel Wealth Management now owns 5,308 shares of the company’s stock worth $357,000 after purchasing an additional 490 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of Invesco Building & Construction ETF by 6.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 10,475 shares of the company’s stock worth $793,000 after purchasing an additional 614 shares in the last quarter. Bank of Montreal Can bought a new stake in shares of Invesco Building & Construction ETF in the 4th quarter worth $62,000. Finally, Mariner LLC increased its holdings in shares of Invesco Building & Construction ETF by 31.7% in the 4th quarter. Mariner LLC now owns 7,231 shares of the company’s stock worth $547,000 after purchasing an additional 1,740 shares in the last quarter.

Invesco Building & Construction ETF Trading Up 0.7%

Invesco Building & Construction ETF stock opened at $82.79 on Monday. The firm has a market cap of $230.98 million, a price-to-earnings ratio of 21.62 and a beta of 1.26. The stock has a fifty day simple moving average of $77.33 and a two-hundred day simple moving average of $74.20. Invesco Building & Construction ETF has a 12 month low of $59.89 and a 12 month high of $88.96.

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.