Northwestern Mutual Wealth Management Co. Acquires 13,985 Shares of Invesco Building & Construction ETF (NYSEARCA:PKB)

Northwestern Mutual Wealth Management Co. raised its holdings in Invesco Building & Construction ETF (NYSEARCA:PKB) by 85.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,344 shares of the company’s stock after purchasing an additional 13,985 shares during the quarter. Northwestern Mutual Wealth Management Co. owned 0.73% of Invesco Building & Construction ETF worth $2,058,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in PKB. SMI Advisory Services LLC purchased a new position in shares of Invesco Building & Construction ETF in the 1st quarter worth about $5,686,000. Apollon Wealth Management LLC bought a new position in shares of Invesco Building & Construction ETF during the 2nd quarter valued at approximately $2,397,000. Outlook Wealth Advisors LLC bought a new position in shares of Invesco Building & Construction ETF during the 2nd quarter valued at approximately $962,000. Summit Financial LLC purchased a new stake in shares of Invesco Building & Construction ETF during the 2nd quarter worth approximately $320,000. Finally, Accel Wealth Management bought a new stake in shares of Invesco Building & Construction ETF in the 1st quarter worth approximately $272,000.

Invesco Building & Construction ETF Trading Up 0.4 %

Shares of NYSEARCA PKB opened at $78.82 on Friday. The stock has a fifty day simple moving average of $74.10 and a two-hundred day simple moving average of $71.87. Invesco Building & Construction ETF has a 1-year low of $46.67 and a 1-year high of $80.08. The firm has a market cap of $329.45 million, a price-to-earnings ratio of 13.36 and a beta of 1.43.

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.