Invesco International BuyBack Achievers ETF (NASDAQ:IPKW) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Invesco International BuyBack Achievers ETF (NASDAQ:IPKW) saw unusually-strong trading volume on Friday . 369,977 shares traded hands during mid-day trading, an increase of 533% from the previous session’s volume of 58,429 shares.The stock last traded at $61.77 and had previously closed at $61.25.

Invesco International BuyBack Achievers ETF Trading Up 0.8%

The company has a market capitalization of $562.11 million, a price-to-earnings ratio of 10.59 and a beta of 0.63. The company has a 50 day moving average price of $58.24 and a 200 day moving average price of $58.01.

Invesco International BuyBack Achievers ETF Dividend Announcement

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Kellett Wealth Advisors LLC boosted its stake in Invesco International BuyBack Achievers ETF by 3.6% during the 4th quarter. Kellett Wealth Advisors LLC now owns 246,102 shares of the company’s stock worth $13,677,000 after acquiring an additional 8,666 shares during the last quarter. UBS Group AG grew its holdings in shares of Invesco International BuyBack Achievers ETF by 36.2% in the 4th quarter. UBS Group AG now owns 131,752 shares of the company’s stock valued at $7,322,000 after buying an additional 35,027 shares during the period. Horizon Wealth Management LLC bought a new stake in shares of Invesco International BuyBack Achievers ETF in the 4th quarter valued at $4,645,000. Breakwater Capital Group increased its position in shares of Invesco International BuyBack Achievers ETF by 9.5% in the 1st quarter. Breakwater Capital Group now owns 141,409 shares of the company’s stock valued at $7,956,000 after buying an additional 12,246 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. bought a new position in Invesco International BuyBack Achievers ETF during the fourth quarter worth about $1,366,000.

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.