Hennion & Walsh Asset Management Inc. Sells 200 Shares of Invesco Building & Construction ETF (NYSEARCA:PKB)

Hennion & Walsh Asset Management Inc. trimmed its holdings in shares of Invesco Building & Construction ETF (NYSEARCA:PKB) by 2.8% during the first quarter, HoldingsChannel reports. The firm owned 7,020 shares of the company’s stock after selling 200 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Invesco Building & Construction ETF were worth $526,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the business. SMI Advisory Services LLC purchased a new stake in shares of Invesco Building & Construction ETF during the 1st quarter worth approximately $5,686,000. EP Wealth Advisors LLC lifted its stake in shares of Invesco Building & Construction ETF by 563.3% during the 3rd quarter. EP Wealth Advisors LLC now owns 12,086 shares of the company’s stock valued at $610,000 after buying an additional 10,264 shares in the last quarter. DAVENPORT & Co LLC boosted its holdings in Invesco Building & Construction ETF by 49.4% in the 4th quarter. DAVENPORT & Co LLC now owns 15,097 shares of the company’s stock worth $953,000 after buying an additional 4,994 shares during the period. Choreo LLC purchased a new position in Invesco Building & Construction ETF in the 4th quarter valued at approximately $232,000. Finally, Absolute Capital Management LLC bought a new stake in Invesco Building & Construction ETF during the 4th quarter valued at $221,000.

Invesco Building & Construction ETF Price Performance

NYSEARCA:PKB opened at $66.43 on Wednesday. Invesco Building & Construction ETF has a 1 year low of $46.67 and a 1 year high of $75.18. The stock’s fifty day moving average price is $70.11 and its two-hundred day moving average price is $67.90. The company has a market cap of $277.68 million, a P/E 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.