Invesco Building & Construction ETF (NYSEARCA:PKB) Trading Up 0% – Here’s Why

Invesco Building & Construction ETF (NYSEARCA:PKB) was up 0% during mid-day trading on Friday . The stock traded as high as $95.59 and last traded at $95.59. Approximately 12,810 shares traded hands during mid-day trading, a decline of 59% from the average daily volume of 31,257 shares. The stock had previously closed at $95.56.

Invesco Building & Construction ETF Price Performance

The company has a market cap of $296.33 million, a P/E ratio of 21.37 and a beta of 1.30. The company’s 50-day moving average is $94.97 and its two-hundred day moving average is $90.47.

Institutional Trading of Invesco Building & Construction ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Kestra Advisory Services LLC raised its holdings in shares of Invesco Building & Construction ETF by 13.2% in the 1st quarter. Kestra Advisory Services LLC now owns 20,819 shares of the company’s stock valued at $1,402,000 after purchasing an additional 2,434 shares in the last quarter. MAI Capital Management lifted its holdings in Invesco Building & Construction ETF by 1.5% during the first quarter. MAI Capital Management now owns 29,908 shares of the company’s stock worth $2,014,000 after buying an additional 447 shares during the period. NewEdge Advisors LLC boosted its position in Invesco Building & Construction ETF by 3.3% during the 1st quarter. NewEdge Advisors LLC now owns 5,723 shares of the company’s stock valued at $385,000 after acquiring an additional 185 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in Invesco Building & Construction ETF by 1,539.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 47,207 shares of the company’s stock valued at $3,178,000 after acquiring an additional 44,327 shares in the last quarter. Finally, Jane Street Group LLC increased its holdings in shares of Invesco Building & Construction ETF by 38.0% in the 1st quarter. Jane Street Group LLC now owns 4,414 shares of the company’s stock valued at $297,000 after acquiring an additional 1,215 shares during the period.

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. 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.