Invesco International BuyBack Achievers ETF (NASDAQ:IPKW – Get Free Report) shares saw unusually-high trading volume on Monday. 290,125 shares traded hands during mid-day trading, an increase of 427% from the previous session’s volume of 55,058 shares. The stock last traded at $59.67 and had previously closed at $60.07.
Invesco International BuyBack Achievers ETF Stock Performance
The firm’s 50 day moving average is $60.48 and its two-hundred day moving average is $59.03. The stock has a market capitalization of $549.15 million, a PE 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, September 25th. Shareholders of record on Monday, September 21st were given a $0.2494 dividend. The ex-dividend date of this dividend was Monday, September 21st. This represents a $1.00 annualized dividend and a yield of 1.7%. This is a drop from Invesco International BuyBack Achievers ETF’s previous quarterly dividend of $0.4503.
Hedge Funds Weigh In On Invesco International BuyBack Achievers ETF
Several institutional investors have recently modified their holdings of IPKW. Bank of America Corp DE increased its position in shares of Invesco International BuyBack Achievers ETF by 18.4% during the first quarter. Bank of America Corp DE now owns 695,777 shares of the company’s stock worth $39,146,000 after acquiring an additional 108,140 shares during the period. Kellett Wealth Advisors LLC raised its stake in shares of Invesco International BuyBack Achievers ETF by 33.6% in the first quarter. Kellett Wealth Advisors LLC now owns 328,741 shares of the company’s stock valued at $18,496,000 after acquiring an additional 82,639 shares in the last quarter. Financial Enhancement Group LLC acquired a new stake in shares of Invesco International BuyBack Achievers ETF in the third quarter valued at $3,917,000. Gateway Wealth Partners LLC boosted its holdings in Invesco International BuyBack Achievers ETF by 210.6% in the first quarter. Gateway Wealth Partners LLC now owns 66,868 shares of the company’s stock valued at $3,762,000 after purchasing an additional 45,336 shares during the period. Finally, Private Advisor Group LLC boosted its holdings in Invesco International BuyBack Achievers ETF by 55.1% in the first quarter. Private Advisor Group LLC now owns 101,891 shares of the company’s stock valued at $5,733,000 after purchasing an additional 36,213 shares during the period.
About Invesco International BuyBack Achievers ETF
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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