Invesco International BuyBack Achievers ETF (NASDAQ:IPKW) Stock Price Down 0.9% – Here’s What Happened

Invesco International BuyBack Achievers ETF (NASDAQ:IPKWGet Free Report) shares were down 0.9% during trading on Monday . The company traded as low as $57.76 and last traded at $57.85. Approximately 22,166 shares were traded during mid-day trading, a decline of 70% from the average daily volume of 72,712 shares. The stock had previously closed at $58.35.

Invesco International BuyBack Achievers ETF Price Performance

The firm has a 50 day simple moving average of $57.20 and a 200-day simple moving average of $55.98. The company has a market cap of $523.54 million, a price-to-earnings ratio of 10.59 and a beta of 0.64.

Invesco International BuyBack Achievers ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were issued a dividend of $0.5665 per share. The ex-dividend date was Monday, March 23rd. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.9%.

Institutional Trading of Invesco International BuyBack Achievers ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Fortis Group Advisors LLC lifted its position in Invesco International BuyBack Achievers ETF by 0.9% in the fourth quarter. Fortis Group Advisors LLC now owns 19,606 shares of the company’s stock valued at $1,145,000 after buying an additional 171 shares during the last quarter. Trademark Financial Management LLC increased its position in shares of Invesco International BuyBack Achievers ETF by 2.6% during the fourth quarter. Trademark Financial Management LLC now owns 6,755 shares of the company’s stock valued at $375,000 after acquiring an additional 174 shares during the last quarter. Insight Wealth Strategies LLC increased its position in shares of Invesco International BuyBack Achievers ETF by 5.9% during the fourth quarter. Insight Wealth Strategies LLC now owns 5,502 shares of the company’s stock valued at $306,000 after acquiring an additional 307 shares during the last quarter. Total Clarity Wealth Management Inc. raised its stake in shares of Invesco International BuyBack Achievers ETF by 4.4% in the 1st quarter. Total Clarity Wealth Management Inc. now owns 8,008 shares of the company’s stock valued at $451,000 after acquiring an additional 339 shares during the period. Finally, Mutual Advisors LLC raised its stake in shares of Invesco International BuyBack Achievers ETF by 8.1% in the 4th quarter. Mutual Advisors LLC now owns 4,869 shares of the company’s stock valued at $271,000 after acquiring an additional 366 shares during the period.

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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