Outlook Wealth Advisors LLC Purchases 3,788 Shares of Invesco Building & Construction ETF (NYSEARCA:PKB)

Outlook Wealth Advisors LLC raised its holdings in Invesco Building & Construction ETF (NYSEARCA:PKB) by 26.8% during the first quarter, HoldingsChannel.com reports. The fund owned 17,914 shares of the company’s stock after purchasing an additional 3,788 shares during the period. Outlook Wealth Advisors LLC’s holdings in Invesco Building & Construction ETF were worth $1,206,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Commonwealth Equity Services LLC lifted its holdings in Invesco Building & Construction ETF by 6.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 10,475 shares of the company’s stock worth $793,000 after buying an additional 614 shares during the period. Jones Financial Companies Lllp raised its holdings in shares of Invesco Building & Construction ETF by 61.5% during the fourth quarter. Jones Financial Companies Lllp now owns 8,865 shares of the company’s stock valued at $671,000 after purchasing an additional 3,375 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of Invesco Building & Construction ETF by 15.0% during the fourth quarter. Ameriprise Financial Inc. now owns 34,305 shares of the company’s stock valued at $2,598,000 after acquiring an additional 4,471 shares in the last quarter. Cetera Investment Advisers raised 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 acquiring an additional 166 shares during the last quarter. Finally, Independent Advisor Alliance purchased a new position in shares of Invesco Building & Construction ETF during the fourth quarter valued at approximately $257,000.

Invesco Building & Construction ETF Stock Performance

Shares of PKB stock opened at $79.05 on Monday. The company has a market capitalization of $222.13 million, a price-to-earnings ratio of 22.92 and a beta of 1.28. The company has a 50-day simple moving average of $72.11 and a two-hundred day simple moving average of $74.89. Invesco Building & Construction ETF has a 52-week low of $59.89 and a 52-week high of $88.96.

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.