Invesco International BuyBack Achievers ETF (NASDAQ:IPKW) Hits New 52-Week High – Here’s Why

Invesco International BuyBack Achievers ETF (NASDAQ:IPKWGet Free Report)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $61.25 and last traded at $61.15, with a volume of 53841 shares traded. The stock had previously closed at $60.60.

Invesco International BuyBack Achievers ETF Stock Performance

The stock’s 50 day simple moving average is $58.14 and its 200-day simple moving average is $57.95. The firm has a market cap of $556.47 million, a price-to-earnings ratio of 10.59 and a beta of 0.63.

Invesco International BuyBack Achievers ETF Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were issued a dividend of $0.4504 per share. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.9%.

Hedge Funds Weigh In On Invesco International BuyBack Achievers ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sarver Vrooman Wealth Advisors acquired a new stake in shares of Invesco International BuyBack Achievers ETF in the fourth quarter worth $26,000. Allworth Financial LP acquired a new position in Invesco International BuyBack Achievers ETF during the third quarter valued at $28,000. Fifth Third Bancorp acquired a new position in Invesco International BuyBack Achievers ETF during the first quarter valued at $35,000. Kestra Advisory Services LLC purchased a new stake in Invesco International BuyBack Achievers ETF in the fourth quarter valued at $71,000. Finally, Wells Fargo & Company MN purchased a new stake in Invesco International BuyBack Achievers ETF in the fourth quarter valued at $80,000.

About Invesco International BuyBack Achievers ETF

(Get Free Report)

The Invesco International BuyBack Achievers ETF (IPKW) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a modified market-cap-weighted index of global ex-US companies that have reduced their outstanding shares by at least 5% in the past year. IPKW was launched on Mar 6, 2014 and is managed by Invesco.

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