MinichMacGregor Wealth Management LLC Trims Stock Position in Invesco Building & Construction ETF (NYSEARCA:PKB)

MinichMacGregor Wealth Management LLC decreased its holdings in Invesco Building & Construction ETF (NYSEARCA:PKB) by 8.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,864 shares of the company’s stock after selling 427 shares during the quarter. MinichMacGregor Wealth Management LLC owned 0.12% of Invesco Building & Construction ETF worth $387,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Global Trust Asset Management LLC purchased a new position in Invesco Building & Construction ETF during the third quarter valued at approximately $97,000. PFG Investments LLC bought a new position in Invesco Building & Construction ETF in the 3rd quarter worth $233,000. Summit Financial LLC purchased a new stake in Invesco Building & Construction ETF in the 2nd quarter worth $320,000. Accel Wealth Management increased its stake in Invesco Building & Construction ETF by 30.6% in the 2nd quarter. Accel Wealth Management now owns 4,745 shares of the company’s stock worth $322,000 after buying an additional 1,112 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its position in shares of Invesco Building & Construction ETF by 4.8% in the second quarter. Commonwealth Equity Services LLC now owns 9,858 shares of the company’s stock valued at $668,000 after acquiring an additional 455 shares in the last quarter.

Invesco Building & Construction ETF Price Performance

Shares of NYSEARCA:PKB traded up $2.19 during trading on Tuesday, hitting $81.01. 3,320 shares of the company’s stock were exchanged, compared to its average volume of 30,592. The business’s 50-day simple moving average is $77.41 and its 200 day simple moving average is $72.99. Invesco Building & Construction ETF has a 52-week low of $51.96 and a 52-week high of $83.17. The company has a market cap of $338.62 million, a price-to-earnings ratio of 13.36 and a beta of 1.43.

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.