Apollon Wealth Management LLC Raises Stake in Invesco Building & Construction ETF (NYSEARCA:PKB)

Apollon Wealth Management LLC increased its stake in shares of Invesco Building & Construction ETF (NYSEARCA:PKB) by 3.2% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 36,479 shares of the company’s stock after buying an additional 1,129 shares during the quarter. Apollon Wealth Management LLC’s holdings in Invesco Building & Construction ETF were worth $2,903,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in PKB. Nilsine Partners LLC grew its stake in shares of Invesco Building & Construction ETF by 1.4% during the 2nd quarter. Nilsine Partners LLC now owns 22,853 shares of the company’s stock worth $1,550,000 after acquiring an additional 312 shares during the period. Private Advisor Group LLC lifted its holdings in Invesco Building & Construction ETF by 3.6% during the third quarter. Private Advisor Group LLC now owns 9,108 shares of the company’s stock valued at $725,000 after purchasing an additional 314 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in Invesco Building & Construction ETF by 4.8% during the second quarter. Commonwealth Equity Services LLC now owns 9,858 shares of the company’s stock worth $668,000 after purchasing an additional 455 shares during the period. Outlook Wealth Advisors LLC increased its stake in shares of Invesco Building & Construction ETF by 4.8% in the third quarter. Outlook Wealth Advisors LLC now owns 14,868 shares of the company’s stock worth $1,183,000 after purchasing an additional 684 shares in the last quarter. Finally, Accel Wealth Management raised its position in shares of Invesco Building & Construction ETF by 30.6% in the second quarter. Accel Wealth Management now owns 4,745 shares of the company’s stock valued at $322,000 after purchasing an additional 1,112 shares during the period.

Invesco Building & Construction ETF Trading Down 0.4 %

Shares of PKB stock opened at $83.92 on Thursday. The firm’s 50 day moving average is $78.73 and its 200 day moving average is $73.65. The stock has a market capitalization of $350.78 million, a P/E ratio of 13.36 and a beta of 1.43. Invesco Building & Construction ETF has a 12 month low of $54.26 and a 12 month high of $86.78.

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.