Fulcrum Equity Management Trims Position in Invesco Building & Construction ETF $PKB

Fulcrum Equity Management lessened its holdings in shares of Invesco Building & Construction ETF (NYSEARCA:PKB) by 65.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,716 shares of the company’s stock after selling 7,146 shares during the quarter. Fulcrum Equity Management owned approximately 0.12% of Invesco Building & Construction ETF worth $344,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PKB. Strategic Advocates LLC purchased a new position in Invesco Building & Construction ETF during the 3rd quarter valued at $27,000. Susquehanna International Group LLP lifted its position in shares of 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 worth $444,000 after purchasing an additional 1,670 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in shares of 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 purchasing an additional 11,925 shares during the period. 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 purchasing an additional 2,456 shares in the last quarter. 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 purchasing an additional 3,494 shares in the last quarter.

Invesco Building & Construction ETF Price Performance

Shares of NYSEARCA PKB opened at $95.86 on Friday. Invesco Building & Construction ETF has a 1 year low of $59.89 and a 1 year high of $111.24. The company’s 50-day moving average is $103.08 and its 200 day moving average is $97.48. The stock has a market capitalization of $357.56 million, a P/E ratio of 21.37 and a beta of 1.30.

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. 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.