Invesco BuyBack Achievers ETF (NASDAQ:PKW) Reaches New 1-Year High – What’s Next?

Invesco BuyBack Achievers ETF (NASDAQ:PKW)’s stock price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $140.84 and last traded at $140.62, with a volume of 10692 shares. The stock had previously closed at $137.83.

Invesco BuyBack Achievers ETF Stock Performance

The firm has a market cap of $1.66 billion, a price-to-earnings ratio of 15.13 and a beta of 0.98. The firm has a 50-day moving average price of $135.05 and a two-hundred day moving average price of $134.02.

Invesco BuyBack Achievers ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a $0.2167 dividend. This represents a $0.87 annualized dividend and a yield of 0.6%. The ex-dividend date was Monday, March 23rd.

Institutional Trading of Invesco BuyBack Achievers ETF

Several institutional investors have recently modified their holdings of PKW. Bank of America Corp DE grew its position in shares of Invesco BuyBack Achievers ETF by 5.6% in the 3rd quarter. Bank of America Corp DE now owns 824,794 shares of the exchange traded fund’s stock valued at $109,269,000 after buying an additional 43,912 shares during the last quarter. LPL Financial LLC lifted its position in Invesco BuyBack Achievers ETF by 9.5% in the fourth quarter. LPL Financial LLC now owns 463,308 shares of the exchange traded fund’s stock valued at $62,232,000 after acquiring an additional 40,121 shares during the last quarter. Wells Fargo & Company MN boosted its stake in Invesco BuyBack Achievers ETF by 11.2% in the fourth quarter. Wells Fargo & Company MN now owns 372,416 shares of the exchange traded fund’s stock valued at $50,023,000 after acquiring an additional 37,513 shares in the last quarter. UBS Group AG boosted its stake in Invesco BuyBack Achievers ETF by 11.4% in the third quarter. UBS Group AG now owns 137,398 shares of the exchange traded fund’s stock valued at $18,202,000 after acquiring an additional 14,043 shares in the last quarter. Finally, Curtis Advisory Group LLC grew its holdings in shares of Invesco BuyBack Achievers ETF by 4.8% during the fourth quarter. Curtis Advisory Group LLC now owns 81,820 shares of the exchange traded fund’s stock worth $10,990,000 after purchasing an additional 3,760 shares during the last quarter.

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.