HighTower Advisors LLC Sells 4,986 Shares of Invesco Building & Construction ETF $PKB

HighTower Advisors LLC cut its holdings in Invesco Building & Construction ETF (NYSEARCA:PKB) by 36.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,878 shares of the company’s stock after selling 4,986 shares during the period. HighTower Advisors LLC owned about 0.24% of Invesco Building & Construction ETF worth $822,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Leuthold Group LLC bought a new position in shares of Invesco Building & Construction ETF in the fourth quarter valued at approximately $887,000. Sigma Planning Corp lifted its stake in Invesco Building & Construction ETF by 9.5% in the fourth quarter. Sigma Planning Corp now owns 4,152 shares of the company’s stock valued at $384,000 after purchasing an additional 361 shares during the last quarter. High Point Wealth Management LLC purchased a new position in Invesco Building & Construction ETF in the fourth quarter valued at approximately $107,000. Fifth Third Securities Inc. purchased a new position in Invesco Building & Construction ETF in the fourth quarter valued at approximately $550,000. Finally, Apollon Wealth Management LLC lifted its stake in Invesco Building & Construction ETF by 10.2% in the fourth quarter. Apollon Wealth Management LLC now owns 2,690 shares of the company’s stock valued at $249,000 after purchasing an additional 248 shares during the last quarter.

Invesco Building & Construction ETF Trading Down 1.9%

Invesco Building & Construction ETF stock opened at $103.63 on Friday. Invesco Building & Construction ETF has a 12 month low of $76.50 and a 12 month high of $111.24. The business’s 50 day simple moving average is $103.53 and its 200 day simple moving average is $100.71. The company has a market cap of $434.21 million, a price-to-earnings ratio of 21.37 and a beta of 1.28.

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. 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.