Invesco BuyBack Achievers ETF (NASDAQ:PKW) Reaches New 1-Year High – Here’s Why

Invesco BuyBack Achievers ETF (NASDAQ:PKW – Get Free Report)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $152.24 and last traded at $152.07, with a volume of 4469 shares. The stock had previously closed at $150.79.

Invesco BuyBack Achievers ETF Trading Up 0.4%

The stock has a market cap of $1.78 billion, a price-to-earnings ratio of 15.13 and a beta of 0.92. The firm’s 50-day moving average is $144.25 and its two-hundred day moving average is $138.88.

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Invesco BuyBack Achievers ETF Dividend Announcement

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

Institutional Investors Weigh In On Invesco BuyBack Achievers ETF

Large investors have recently modified their holdings of the business. Trust Co. of Vermont purchased a new position in shares of Invesco BuyBack Achievers ETF in the second quarter worth about $28,000. Garton & Associates Financial Advisors LLC purchased a new position in Invesco BuyBack Achievers ETF in the 4th quarter worth approximately $28,000. Axiom Investment Management LLC purchased a new position in Invesco BuyBack Achievers ETF in the 1st quarter worth approximately $52,000. Main Street Group LTD acquired a new position in shares of Invesco BuyBack Achievers ETF during the 1st quarter worth approximately $79,000. Finally, Cardiff Park Advisors LLC acquired a new position in shares of Invesco BuyBack Achievers ETF during the 1st quarter worth approximately $79,000.

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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