Stifel Financial Corp increased its stake in Invesco BuyBack Achievers ETF (NASDAQ:PKW) by 2.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,119 shares of the exchange traded fund’s stock after purchasing an additional 782 shares during the quarter. Stifel Financial Corp’s holdings in Invesco BuyBack Achievers ETF were worth $2,010,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of PKW. Envestnet Asset Management Inc. lifted its holdings in Invesco BuyBack Achievers ETF by 3,225.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 1,645,977 shares of the exchange traded fund’s stock worth $113,539,000 after purchasing an additional 1,596,478 shares during the period. Clark Capital Management Group Inc. acquired a new stake in Invesco BuyBack Achievers ETF in the fourth quarter worth about $35,963,000. Advisor Group Inc. lifted its holdings in Invesco BuyBack Achievers ETF by 793.4% in the fourth quarter. Advisor Group Inc. now owns 549,764 shares of the exchange traded fund’s stock worth $37,926,000 after purchasing an additional 488,227 shares during the period. Blue Sky Asset Management LLC acquired a new stake in Invesco BuyBack Achievers ETF in the fourth quarter worth about $16,321,000. Finally, Curtis Advisory Group LLC acquired a new stake in Invesco BuyBack Achievers ETF in the fourth quarter worth about $12,333,000.
PKW stock traded up $2.46 during trading on Thursday, hitting $49.53. The company had a trading volume of 4,611 shares, compared to its average volume of 167,418. The business has a 50 day moving average of $59.47 and a 200 day moving average of $64.51. Invesco BuyBack Achievers ETF has a fifty-two week low of $39.13 and a fifty-two week high of $70.70.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th will be issued a $0.291 dividend. The ex-dividend date of this dividend is Monday, March 23rd. This represents a $1.16 annualized dividend and a yield of 2.35%. This is an increase from Invesco BuyBack Achievers ETF’s previous quarterly dividend of $0.25.
About Invesco BuyBack Achievers ETF
PowerShares Buyback Achievers Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Share BuyBack Achievers Index (the Index). The Index is designed to track the performance of companies that meet the requirements to be classified as BuyBack Achievers. To become eligible for inclusion in the Index, a company must be incorporated in the United States, trade on a United States exchange and must have repurchased at least 5% or more of its outstanding shares for the trailing 12 months.
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