Capital Asset Advisory Services LLC Invests $2.18 Million in Invesco Building & Construction ETF $PKB

Capital Asset Advisory Services LLC purchased a new stake in Invesco Building & Construction ETF (NYSEARCA:PKB) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 20,314 shares of the company’s stock, valued at approximately $2,183,000. Capital Asset Advisory Services LLC owned about 0.49% of Invesco Building & Construction ETF at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of PKB. Strategic Advocates LLC bought a new position in Invesco Building & Construction ETF during the 3rd quarter worth approximately $27,000. one8zero8 LLC bought a new stake in Invesco Building & Construction ETF in the fourth quarter valued at approximately $31,000. Steward Partners Investment Advisory LLC bought a new stake in Invesco Building & Construction ETF in the fourth quarter valued at approximately $46,000. High Point Wealth Management LLC acquired a new stake in Invesco Building & Construction ETF in the fourth quarter worth $107,000. Finally, Global Retirement Partners LLC raised its holdings in Invesco Building & Construction ETF by 30.8% in the fourth quarter. Global Retirement Partners LLC now owns 1,203 shares of the company’s stock worth $111,000 after purchasing an additional 283 shares during the period.

Invesco Building & Construction ETF Stock Down 2.7%

Shares of NYSEARCA PKB opened at $109.07 on Thursday. The company’s fifty day moving average is $106.16 and its 200-day moving average is $102.62. The stock has a market cap of $459.18 million, a price-to-earnings ratio of 21.37 and a beta of 1.27. Invesco Building & Construction ETF has a twelve month low of $81.22 and a twelve month high of $115.81.

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.