Invesco BuyBack Achievers ETF (NASDAQ:PKW) Reaches New 1-Year High – Time to Buy?

Invesco BuyBack Achievers ETF (NASDAQ:PKW – Get Free Report) reached a new 52-week high on Monday . The stock traded as high as $146.00 and last traded at $146.00, with a volume of 1005 shares. The stock had previously closed at $144.56.

Invesco BuyBack Achievers ETF Stock Performance

The firm’s 50 day simple moving average is $140.05 and its 200-day simple moving average is $137.41. The company has a market capitalization of $1.70 billion, a price-to-earnings ratio of 15.13 and a beta of 0.92.

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Invesco BuyBack Achievers ETF Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were issued a dividend of $0.2575 per share. The ex-dividend date was Monday, June 22nd. This represents a $1.03 dividend on an annualized basis and a dividend yield of 0.7%.

Institutional Investors Weigh In On Invesco BuyBack Achievers ETF

Hedge funds have recently bought and sold shares of the business. Belpointe Asset Management LLC boosted its position in Invesco BuyBack Achievers ETF by 1.2% during the 4th quarter. Belpointe Asset Management LLC now owns 9,268 shares of the exchange traded fund’s stock worth $1,245,000 after acquiring an additional 109 shares during the period. Quantinno Capital Management LP increased its holdings in shares of Invesco BuyBack Achievers ETF by 1.9% in the 1st quarter. Quantinno Capital Management LP now owns 6,698 shares of the exchange traded fund’s stock valued at $879,000 after purchasing an additional 123 shares during the period. Bank of Montreal Can increased its holdings in shares of Invesco BuyBack Achievers ETF by 1.3% in the 4th quarter. Bank of Montreal Can now owns 11,581 shares of the exchange traded fund’s stock valued at $1,556,000 after purchasing an additional 145 shares during the period. Pacific Sun Financial Corp lifted its position in shares of Invesco BuyBack Achievers ETF by 1.0% in the fourth quarter. Pacific Sun Financial Corp now owns 15,421 shares of the exchange traded fund’s stock worth $2,071,000 after purchasing an additional 155 shares in the last quarter. Finally, Capital Advisors Ltd. LLC lifted its position in shares of Invesco BuyBack Achievers ETF by 4.7% in the fourth quarter. Capital Advisors Ltd. LLC now owns 4,206 shares of the exchange traded fund’s stock worth $565,000 after purchasing an additional 189 shares in the last quarter.

About Invesco BuyBack Achievers ETF

(Get Free Report)

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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