Invesco BuyBack Achievers ETF (NASDAQ:PKW) Sees Strong Trading Volume – What’s Next?

Shares of Invesco BuyBack Achievers ETF (NASDAQ:PKWGet Free Report) saw strong trading volume on Tuesday . Approximately 97,123 shares were traded during mid-day trading, an increase of 243% from the previous session’s volume of 28,292 shares.The stock last traded at $147.90 and had previously closed at $146.26.

Invesco BuyBack Achievers ETF Stock Up 1.1%

The company has a market capitalization of $1.73 billion, a PE ratio of 15.13 and a beta of 0.92. The company has a 50-day moving average price of $140.27 and a two-hundred day moving average price of $137.47.

Invesco BuyBack Achievers ETF Dividend Announcement

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

Institutional Investors Weigh In On Invesco BuyBack Achievers ETF

Several hedge funds and other institutional investors have recently modified their holdings of PKW. Integrated Wealth Concepts LLC boosted its position in shares of Invesco BuyBack Achievers ETF by 9.0% in the first quarter. Integrated Wealth Concepts LLC now owns 4,148 shares of the exchange traded fund’s stock valued at $467,000 after acquiring an additional 342 shares during the period. Jane Street Group LLC bought a new stake in Invesco BuyBack Achievers ETF during the 1st quarter worth approximately $417,000. JPMorgan Chase & Co. lifted its stake in Invesco BuyBack Achievers ETF by 1.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 32,289 shares of the exchange traded fund’s stock worth $3,991,000 after purchasing an additional 391 shares in the last quarter. NewEdge Advisors LLC lifted its stake in Invesco BuyBack Achievers ETF by 16.4% in the 2nd quarter. NewEdge Advisors LLC now owns 28,115 shares of the exchange traded fund’s stock worth $3,475,000 after purchasing an additional 3,951 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in Invesco BuyBack Achievers ETF by 2.1% in the 2nd quarter. Bank of America Corp DE now owns 780,882 shares of the exchange traded fund’s stock valued at $96,517,000 after purchasing an additional 16,109 shares during the period.

Invesco BuyBack Achievers ETF Company Profile

(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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