LPL Financial LLC Cuts Holdings in Invesco Building & Construction ETF (NYSEARCA:PKB)

LPL Financial LLC trimmed its holdings in shares of Invesco Building & Construction ETF (NYSEARCA:PKB) by 12.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 207,201 shares of the company’s stock after selling 29,636 shares during the period. LPL Financial LLC owned approximately 7.10% of Invesco Building & Construction ETF worth $13,951,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in PKB. Bank of Montreal Can purchased a new position in shares of Invesco Building & Construction ETF in the 4th quarter worth $62,000. Jane Street Group LLC bought a new position in Invesco Building & Construction ETF in the 4th quarter worth $242,000. WMG Financial Advisors LLC raised its holdings in Invesco Building & Construction ETF by 10.4% in the 1st quarter. WMG Financial Advisors LLC now owns 3,876 shares of the company’s stock worth $261,000 after purchasing an additional 366 shares during the period. Cetera Investment Advisers raised its holdings in 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 during the period. Finally, Accel Wealth Management raised its holdings in 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 during the period.

Invesco Building & Construction ETF Stock Performance

Shares of Invesco Building & Construction ETF stock opened at $87.22 on Thursday. Invesco Building & Construction ETF has a one year low of $59.89 and a one year high of $88.96. The stock’s fifty day moving average is $81.12 and its 200 day moving average is $75.32. The stock has a market cap of $245.09 million, a P/E ratio of 21.37 and a beta of 1.26.

Invesco Building & Construction ETF 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.