Commonwealth Equity Services LLC Has $6.60 Million Position in Invesco BuyBack Achievers ETF $PKW

Commonwealth Equity Services LLC reduced its stake in shares of Invesco BuyBack Achievers ETF (NASDAQ:PKW) by 15.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 49,129 shares of the exchange traded fund’s stock after selling 9,289 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Invesco BuyBack Achievers ETF were worth $6,599,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. Elevation Point Wealth Partners LLC acquired a new stake in shares of Invesco BuyBack Achievers ETF during the fourth quarter worth approximately $582,000. Steward Partners Investment Advisory LLC raised its position in Invesco BuyBack Achievers ETF by 1.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 24,184 shares of the exchange traded fund’s stock valued at $3,248,000 after acquiring an additional 257 shares in the last quarter. Bank of Montreal Can raised its position in Invesco BuyBack Achievers ETF by 1.3% during the fourth quarter. Bank of Montreal Can now owns 11,581 shares of the exchange traded fund’s stock valued at $1,556,000 after acquiring an additional 145 shares in the last quarter. Principal Securities Inc. raised its position in Invesco BuyBack Achievers ETF by 10.9% during the fourth quarter. Principal Securities Inc. now owns 4,803 shares of the exchange traded fund’s stock valued at $645,000 after acquiring an additional 471 shares in the last quarter. Finally, Hudock Inc. raised its position in Invesco BuyBack Achievers ETF by 105.3% during the fourth quarter. Hudock Inc. now owns 41,793 shares of the exchange traded fund’s stock valued at $5,614,000 after acquiring an additional 21,437 shares in the last quarter.

Invesco BuyBack Achievers ETF Stock Performance

Shares of PKW opened at $137.91 on Friday. The firm has a market cap of $1.64 billion, a PE ratio of 15.13 and a beta of 0.93. The firm’s 50 day moving average price is $136.02 and its 200 day moving average price is $135.37. Invesco BuyBack Achievers ETF has a twelve month low of $118.46 and a twelve month high of $141.39.

Invesco BuyBack Achievers ETF Cuts Dividend

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

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.