Harbour Investments Inc. Reduces Stock Position in Invesco BuyBack Achievers ETF $PKW

Harbour Investments Inc. lessened its stake in shares of Invesco BuyBack Achievers ETF (NASDAQ:PKW) by 61.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 394 shares of the exchange traded fund’s stock after selling 617 shares during the quarter. Harbour Investments Inc.’s holdings in Invesco BuyBack Achievers ETF were worth $49,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in PKW. Costello Asset Management INC boosted its holdings in shares of Invesco BuyBack Achievers ETF by 77.0% during the 2nd quarter. Costello Asset Management INC now owns 216 shares of the exchange traded fund’s stock valued at $27,000 after acquiring an additional 94 shares during the last quarter. Assetmark Inc. boosted its holdings in shares of Invesco BuyBack Achievers ETF by 262.8% in the first quarter. Assetmark Inc. now owns 283 shares of the exchange traded fund’s stock worth $32,000 after buying an additional 205 shares during the last quarter. Bangor Savings Bank purchased a new position in shares of Invesco BuyBack Achievers ETF in the second quarter worth approximately $95,000. Ameritas Advisory Services LLC purchased a new position in shares of Invesco BuyBack Achievers ETF in the second quarter worth approximately $115,000. Finally, Lion Street Advisors LLC purchased a new position in shares of Invesco BuyBack Achievers ETF in the second quarter worth approximately $207,000.

Invesco BuyBack Achievers ETF Trading Up 0.9%

PKW opened at $133.74 on Friday. The company has a market cap of $1.52 billion, a price-to-earnings ratio of 15.13 and a beta of 1.09. The company’s 50 day moving average is $131.39 and its 200 day moving average is $123.11. Invesco BuyBack Achievers ETF has a 12-month low of $96.10 and a 12-month high of $134.27.

Invesco BuyBack Achievers ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Monday, September 22nd were issued a $0.3774 dividend. The ex-dividend date of this dividend was Monday, September 22nd. This is a positive change from Invesco BuyBack Achievers ETF’s previous quarterly dividend of $0.37. This represents a $1.51 dividend on an annualized basis and a dividend yield of 1.1%.

Invesco BuyBack Achievers ETF Company Profile

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.