Invesco International BuyBack Achievers ETF (NASDAQ:IPKW) Hits New 52-Week High – Time to Buy?

Invesco International BuyBack Achievers ETF (NASDAQ:IPKW) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $61.25 and last traded at $61.15, with a volume of 53841 shares traded. The stock had previously closed at $60.60.

Invesco International BuyBack Achievers ETF Trading Up 0.5%

The company has a market cap of $557.65 million, a PE ratio of 10.59 and a beta of 0.63. The firm has a 50 day moving average of $58.24 and a two-hundred day moving average of $58.01.

Invesco International BuyBack Achievers ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were issued a $0.4504 dividend. This represents a $1.80 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Monday, June 22nd.

Hedge Funds Weigh In On Invesco International BuyBack Achievers ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Fortis Group Advisors LLC grew its position in Invesco International BuyBack Achievers ETF by 0.9% in the 4th quarter. Fortis Group Advisors LLC now owns 19,606 shares of the company’s stock worth $1,145,000 after purchasing an additional 171 shares during the period. Trademark Financial Management LLC lifted its holdings in shares of Invesco International BuyBack Achievers ETF by 2.6% during the 4th quarter. Trademark Financial Management LLC now owns 6,755 shares of the company’s stock valued at $375,000 after buying an additional 174 shares during the period. Insight Wealth Strategies LLC boosted its stake in shares of Invesco International BuyBack Achievers ETF by 3.4% in the 2nd quarter. Insight Wealth Strategies LLC now owns 6,452 shares of the company’s stock worth $364,000 after buying an additional 215 shares during the last quarter. Total Clarity Wealth Management Inc. boosted its stake in shares of Invesco International BuyBack Achievers ETF by 4.4% in the 1st quarter. Total Clarity Wealth Management Inc. now owns 8,008 shares of the company’s stock worth $451,000 after buying an additional 339 shares during the last quarter. Finally, Mutual Advisors LLC boosted its stake in shares of Invesco International BuyBack Achievers ETF by 8.1% in the 4th quarter. Mutual Advisors LLC now owns 4,869 shares of the company’s stock worth $271,000 after buying an additional 366 shares during the last quarter.

About Invesco International BuyBack Achievers ETF

The Invesco International BuyBack Achievers ETF (IPKW) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a modified market-cap-weighted index of global ex-US companies that have reduced their outstanding shares by at least 5% in the past year. IPKW was launched on Mar 6, 2014 and is managed by Invesco.