MAI Capital Management Has $2.36 Million Holdings in Invesco Building & Construction ETF $PKB

MAI Capital Management trimmed its position in Invesco Building & Construction ETF (NYSEARCA:PKB) by 1.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,346 shares of the company’s stock after selling 562 shares during the quarter. MAI Capital Management owned 1.03% of Invesco Building & Construction ETF worth $2,358,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Goldman Sachs Group Inc. increased its holdings in Invesco Building & Construction ETF by 1,539.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 47,207 shares of the company’s stock valued at $3,178,000 after buying an additional 44,327 shares during the period. Avantax Advisory Services Inc. acquired a new stake in shares of Invesco Building & Construction ETF during the 1st quarter valued at about $2,980,000. Flow Traders U.S. LLC bought a new stake in Invesco Building & Construction ETF in the first quarter valued at about $400,000. Cetera Investment Advisers increased its stake in Invesco Building & Construction ETF by 67.1% in the first quarter. Cetera Investment Advisers now owns 7,522 shares of the company’s stock valued at $506,000 after acquiring an additional 3,021 shares during the period. Finally, Northwest Financial Advisors acquired a new position in Invesco Building & Construction ETF in the second quarter worth about $229,000.

Invesco Building & Construction ETF Stock Up 1.8%

Shares of PKB opened at $90.60 on Monday. The company has a 50-day moving average price of $94.62 and a two-hundred day moving average price of $87.50. The stock has a market cap of $280.86 million, a price-to-earnings ratio of 21.37 and a beta of 1.30. Invesco Building & Construction ETF has a 12 month low of $59.89 and a 12 month high of $100.05.

About Invesco Building & Construction ETF

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.