Thoroughbred Financial Services LLC Grows Stock Position in Invesco BuyBack Achievers ETF $PKW

Thoroughbred Financial Services LLC grew its stake in Invesco BuyBack Achievers ETF (NASDAQ:PKW) by 61.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 32,978 shares of the exchange traded fund’s stock after buying an additional 12,533 shares during the quarter. Thoroughbred Financial Services LLC’s holdings in Invesco BuyBack Achievers ETF were worth $4,076,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. MAI Capital Management raised its position in Invesco BuyBack Achievers ETF by 1.5% during the first quarter. MAI Capital Management now owns 5,655 shares of the exchange traded fund’s stock valued at $637,000 after acquiring an additional 85 shares in the last quarter. Costello Asset Management INC boosted its position in Invesco BuyBack Achievers ETF by 77.0% in the 2nd quarter. Costello Asset Management INC now owns 216 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 94 shares in the last quarter. Carnegie Investment Counsel grew its stake in shares of Invesco BuyBack Achievers ETF by 0.7% during the 2nd quarter. Carnegie Investment Counsel now owns 15,232 shares of the exchange traded fund’s stock worth $1,883,000 after purchasing an additional 110 shares during the period. Cetera Investment Advisers grew its stake in shares of Invesco BuyBack Achievers ETF by 0.7% during the 1st quarter. Cetera Investment Advisers now owns 28,166 shares of the exchange traded fund’s stock worth $3,173,000 after purchasing an additional 191 shares during the period. Finally, Pacific Sun Financial Corp increased its holdings in shares of Invesco BuyBack Achievers ETF by 1.2% during the 2nd quarter. Pacific Sun Financial Corp now owns 15,486 shares of the exchange traded fund’s stock valued at $1,914,000 after purchasing an additional 191 shares in the last quarter.

Invesco BuyBack Achievers ETF Price Performance

PKW opened at $128.94 on Friday. The firm has a fifty day moving average price of $131.32 and a 200 day moving average price of $125.82. Invesco BuyBack Achievers ETF has a 1 year low of $96.10 and a 1 year high of $134.95. The stock has a market cap of $1.46 billion, a P/E ratio of 15.13 and a beta of 1.05.

Invesco BuyBack Achievers ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Monday, September 22nd were given a $0.3774 dividend. This represents a $1.51 dividend on an annualized basis and a dividend yield of 1.2%. This is an increase from Invesco BuyBack Achievers ETF’s previous quarterly dividend of $0.37. The ex-dividend date was Monday, September 22nd.

Invesco BuyBack Achievers ETF Company Profile

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.