Royal Bank of Canada Has $8.80 Million Stock Position in Invesco Building & Construction ETF $PKB

Royal Bank of Canada lifted its position in shares of Invesco Building & Construction ETF (NYSEARCA:PKB) by 308.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 90,245 shares of the company’s stock after acquiring an additional 68,150 shares during the quarter. Royal Bank of Canada owned approximately 2.15% of Invesco Building & Construction ETF worth $8,805,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Cetera Investment Advisers increased its position in Invesco Building & Construction ETF by 105.3% in the first quarter. Cetera Investment Advisers now owns 127,427 shares of the company’s stock worth $12,433,000 after purchasing an additional 65,365 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in Invesco Building & Construction ETF by 14.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 73,650 shares of the company’s stock valued at $6,819,000 after purchasing an additional 9,183 shares during the period. UBS Group AG lifted its position in Invesco Building & Construction ETF by 240.4% during the 3rd quarter. UBS Group AG now owns 66,043 shares of the company’s stock valued at $6,314,000 after purchasing an additional 46,643 shares during the period. Bank of America Corp DE lifted its position in 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 during the period. Finally, Goldman Sachs Group Inc. boosted its stake in shares of 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 purchasing an additional 44,327 shares during the last quarter.

Invesco Building & Construction ETF Price Performance

PKB opened at $105.53 on Monday. The company has a market cap of $452.72 million, a price-to-earnings ratio of 21.37 and a beta of 1.28. The firm has a 50 day simple moving average of $105.27 and a 200 day simple moving average of $103.92. Invesco Building & Construction ETF has a fifty-two week low of $88.27 and a fifty-two week high of $115.81.

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.