Koshinski Asset Management Inc. Purchases 7,235 Shares of Invesco BuyBack Achievers ETF $PKW

Koshinski Asset Management Inc. grew its position in Invesco BuyBack Achievers ETF (NASDAQ:PKW) by 11.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 68,595 shares of the exchange traded fund’s stock after purchasing an additional 7,235 shares during the quarter. Invesco BuyBack Achievers ETF comprises approximately 0.6% of Koshinski Asset Management Inc.’s investment portfolio, making the stock its 28th biggest position. Koshinski Asset Management Inc. owned about 0.60% of Invesco BuyBack Achievers ETF worth $9,087,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Citigroup Inc. raised its stake in Invesco BuyBack Achievers ETF by 22.1% in the 3rd quarter. Citigroup Inc. now owns 15,163 shares of the exchange traded fund’s stock worth $2,009,000 after purchasing an additional 2,743 shares in the last quarter. Essex Financial Services Inc. increased its holdings in shares of Invesco BuyBack Achievers ETF by 0.5% during the third quarter. Essex Financial Services Inc. now owns 16,604 shares of the exchange traded fund’s stock worth $2,200,000 after purchasing an additional 84 shares during the period. Fortis Group Advisors LLC raised its position in shares of Invesco BuyBack Achievers ETF by 1.2% in the third quarter. Fortis Group Advisors LLC now owns 19,878 shares of the exchange traded fund’s stock valued at $2,578,000 after buying an additional 231 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Invesco BuyBack Achievers ETF in the third quarter valued at approximately $455,000. Finally, Wealthcare Advisory Partners LLC boosted its stake in shares of Invesco BuyBack Achievers ETF by 10.0% in the third quarter. Wealthcare Advisory Partners LLC now owns 4,608 shares of the exchange traded fund’s stock valued at $610,000 after buying an additional 420 shares during the period.

Invesco BuyBack Achievers ETF Price Performance

Shares of NASDAQ:PKW opened at $139.41 on Friday. The business’s 50 day simple moving average is $136.84 and its 200 day simple moving average is $132.94. Invesco BuyBack Achievers ETF has a 1 year low of $96.10 and a 1 year high of $140.10. The company has a market capitalization of $2.16 billion, a P/E ratio of 15.13 and a beta of 1.05.

Invesco BuyBack Achievers ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were issued a dividend of $0.2739 per share. This represents a $1.10 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Monday, December 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.