Invesco BuyBack Achievers ETF (NASDAQ:PKW) Hits New 12-Month High – Should You Buy?

Invesco BuyBack Achievers ETF (NASDAQ:PKWGet Free Report)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $152.29 and last traded at $151.80, with a volume of 24865 shares trading hands. The stock had previously closed at $151.05.

Invesco BuyBack Achievers ETF Stock Performance

The firm has a fifty day simple moving average of $145.67 and a 200 day simple moving average of $139.49. The company has a market capitalization of $1.78 billion, a PE ratio of 15.13 and a beta of 0.92.

Invesco BuyBack Achievers ETF Dividend Announcement

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

Institutional Trading of Invesco BuyBack Achievers ETF

Hedge funds have recently modified their holdings of the company. United Community Bank purchased a new position in shares of Invesco BuyBack Achievers ETF in the 2nd quarter valued at approximately $70,000. Triton Wealth Management PLLC grew its position in Invesco BuyBack Achievers ETF by 565.5% during the 4th quarter. Triton Wealth Management PLLC now owns 70,934 shares of the exchange traded fund’s stock worth $9,585,000 after purchasing an additional 60,275 shares during the last quarter. Bank of America Corp DE grew its position in Invesco BuyBack Achievers ETF by 5.6% during the 3rd quarter. Bank of America Corp DE now owns 824,794 shares of the exchange traded fund’s stock worth $109,269,000 after purchasing an additional 43,912 shares during the last quarter. TD Waterhouse Canada Inc. grew its position in Invesco BuyBack Achievers ETF by 16,177.2% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 40,693 shares of the exchange traded fund’s stock worth $5,765,000 after purchasing an additional 40,443 shares during the last quarter. Finally, LPL Financial LLC increased its stake in Invesco BuyBack Achievers ETF by 9.5% during the 4th quarter. LPL Financial LLC now owns 463,308 shares of the exchange traded fund’s stock valued at $62,232,000 after purchasing an additional 40,121 shares in the last quarter.

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.

Further Reading

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