Truist Financial Corp Increases Stake in Invesco BuyBack Achievers ETF $PKW

Truist Financial Corp raised its holdings in shares of Invesco BuyBack Achievers ETF (NASDAQ:PKW) by 11.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 54,875 shares of the exchange traded fund’s stock after acquiring an additional 5,718 shares during the period. Truist Financial Corp’s holdings in Invesco BuyBack Achievers ETF were worth $7,371,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Chesapeake Asset Management LLC purchased a new stake in Invesco BuyBack Achievers ETF during the fourth quarter valued at approximately $34,000. CX Institutional purchased a new stake in Invesco BuyBack Achievers ETF during the third quarter valued at approximately $71,000. Cardiff Park Advisors LLC purchased a new stake in Invesco BuyBack Achievers ETF during the third quarter valued at approximately $79,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Invesco BuyBack Achievers ETF during the fourth quarter valued at approximately $107,000. Finally, Private Trust Co. NA increased its holdings in Invesco BuyBack Achievers ETF by 143.1% during the fourth quarter. Private Trust Co. NA now owns 851 shares of the exchange traded fund’s stock valued at $114,000 after buying an additional 501 shares during the last quarter.

Invesco BuyBack Achievers ETF Trading Down 0.3%

Shares of PKW stock opened at $136.92 on Friday. The company has a 50 day simple moving average of $135.03 and a two-hundred day simple moving average of $134.60. The stock has a market cap of $1.63 billion, a P/E ratio of 15.13 and a beta of 0.95. Invesco BuyBack Achievers ETF has a 12 month low of $113.42 and a 12 month high of $141.39.

Invesco BuyBack Achievers ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were paid a $0.2167 dividend. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $0.87 dividend on an annualized basis and a dividend yield of 0.6%.

Invesco BuyBack Achievers ETF 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.