Archer Investment Corp Acquires 579 Shares of Invesco BuyBack Achievers ETF (NASDAQ:PKW)

Archer Investment Corp boosted its holdings in Invesco BuyBack Achievers ETF (NASDAQ:PKW) by 28.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,635 shares of the exchange traded fund’s stock after acquiring an additional 579 shares during the quarter. Archer Investment Corp’s holdings in Invesco BuyBack Achievers ETF were worth $261,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Invesco BuyBack Achievers ETF by 1.5% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 177,977 shares of the exchange traded fund’s stock valued at $17,623,000 after buying an additional 2,623 shares during the period. Financial Security Advisor Inc. bought a new position in shares of Invesco BuyBack Achievers ETF during the 4th quarter valued at $207,000. HighTower Advisors LLC lifted its holdings in shares of Invesco BuyBack Achievers ETF by 176.8% during the 3rd quarter. HighTower Advisors LLC now owns 70,289 shares of the exchange traded fund’s stock valued at $6,331,000 after buying an additional 44,895 shares during the period. Janney Montgomery Scott LLC lifted its holdings in shares of Invesco BuyBack Achievers ETF by 4.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 6,124 shares of the exchange traded fund’s stock valued at $551,000 after buying an additional 281 shares during the period. Finally, Spire Wealth Management lifted its holdings in shares of Invesco BuyBack Achievers ETF by 6,367.6% during the 3rd quarter. Spire Wealth Management now owns 4,398 shares of the exchange traded fund’s stock valued at $396,000 after buying an additional 4,330 shares during the period.

Invesco BuyBack Achievers ETF Price Performance

NASDAQ PKW opened at $101.74 on Thursday. The business’s fifty day moving average price is $103.92 and its 200-day moving average price is $97.35. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 9.87 and a beta of 1.09. Invesco BuyBack Achievers ETF has a 1-year low of $81.93 and a 1-year high of $108.33.

Invesco BuyBack Achievers ETF Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Tuesday, March 19th were paid a $0.3103 dividend. The ex-dividend date was Monday, March 18th. This represents a $1.24 annualized dividend and a dividend yield of 1.22%.

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.