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

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

Invesco Building & Construction ETF Stock Up 0.0%

The firm has a 50-day moving average of $94.97 and a two-hundred day moving average of $90.39. The stock has a market capitalization of $296.33 million, a price-to-earnings ratio of 21.37 and a beta of 1.30.

Institutional Trading of Invesco Building & Construction ETF

A number of hedge funds have recently made changes to their positions in PKB. Strategic Advocates LLC purchased a new stake in shares of Invesco Building & Construction ETF in the third quarter worth approximately $27,000. Susquehanna International Group LLP increased its stake in Invesco Building & Construction ETF by 56.2% in the 3rd quarter. Susquehanna International Group LLP now owns 4,639 shares of the company’s stock valued at $444,000 after buying an additional 1,670 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in Invesco Building & Construction ETF by 22.7% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 64,467 shares of the company’s stock worth $6,163,000 after buying an additional 11,925 shares in the last quarter. Mariner LLC boosted its stake in shares of Invesco Building & Construction ETF by 46.3% during the 3rd quarter. Mariner LLC now owns 7,757 shares of the company’s stock valued at $742,000 after buying an additional 2,456 shares during the period. Finally, Bank of America Corp DE boosted its stake in shares of Invesco Building & Construction ETF by 6.6% during the 3rd quarter. Bank of America Corp DE now owns 56,514 shares of the company’s stock valued at $5,403,000 after buying an additional 3,494 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.