Invesco BuyBack Achievers ETF (NASDAQ:PKW) Sets New 12-Month High – Still a Buy?

Invesco BuyBack Achievers ETF (NASDAQ:PKW) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $140.10 and last traded at $138.98, with a volume of 19717 shares traded. The stock had previously closed at $139.38.

Invesco BuyBack Achievers ETF Trading Down 0.3%

The business has a 50 day moving average price of $136.25 and a 200-day moving average price of $132.30. The firm has a market capitalization of $2.16 billion, a PE ratio of 15.13 and a beta of 1.05.

Invesco BuyBack Achievers ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were given a $0.2739 dividend. The ex-dividend date was Monday, December 22nd. This represents a $1.10 annualized dividend and a yield of 0.8%.

Hedge Funds Weigh In On Invesco BuyBack Achievers ETF

A number of institutional investors and hedge funds have recently made changes to their positions in PKW. Triton Wealth Management PLLC increased its position in shares of Invesco BuyBack Achievers ETF by 565.5% in the fourth quarter. Triton Wealth Management PLLC now owns 70,934 shares of the exchange traded fund’s stock valued at $9,585,000 after buying an additional 60,275 shares in the last quarter. Elevation Capital Advisory LLC boosted its position in shares of Invesco BuyBack Achievers ETF by 337.5% in the 3rd quarter. Elevation Capital Advisory LLC now owns 61,388 shares of the exchange traded fund’s stock worth $8,133,000 after buying an additional 47,355 shares in the last quarter. Bank of America Corp DE grew its stake in Invesco BuyBack Achievers ETF by 5.6% in the 3rd quarter. Bank of America Corp DE now owns 824,794 shares of the exchange traded fund’s stock valued at $109,269,000 after acquiring an additional 43,912 shares during the last quarter. LPL Financial LLC grew its stake in Invesco BuyBack Achievers ETF by 9.5% in the 4th quarter. LPL Financial LLC now owns 463,308 shares of the exchange traded fund’s stock valued at $62,232,000 after acquiring an additional 40,121 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in Invesco BuyBack Achievers ETF by 130.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 65,199 shares of the exchange traded fund’s stock valued at $8,059,000 after acquiring an additional 36,890 shares in the last quarter.

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.