Invesco BuyBack Achievers ETF (NASDAQ:PKW) Sets New 12-Month High – Here’s What Happened

Invesco BuyBack Achievers ETF (NASDAQ:PKW) reached a new 52-week high on Thursday . The company traded as high as $153.95 and last traded at $154.23, with a volume of 1287 shares changing hands. The stock had previously closed at $152.59.

Invesco BuyBack Achievers ETF Trading Up 1.0%

The firm has a fifty day moving average of $147.02 and a two-hundred day moving average of $139.97. The company has a market capitalization of $1.82 billion, a PE ratio of 15.13 and a beta of 0.92.

Invesco BuyBack Achievers ETF Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were paid a dividend of $0.2575 per share. This represents a $1.03 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, June 22nd.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Quantinno Capital Management LP raised its holdings in Invesco BuyBack Achievers ETF by 1.9% during the 1st quarter. Quantinno Capital Management LP now owns 6,698 shares of the exchange traded fund’s stock valued at $879,000 after buying an additional 123 shares during the last quarter. Bank of Montreal Can increased its position in shares of Invesco BuyBack Achievers ETF by 1.3% in 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 during the period. Pacific Sun Financial Corp raised its stake in shares of Invesco BuyBack Achievers ETF by 1.0% during the fourth quarter. Pacific Sun Financial Corp now owns 15,421 shares of the exchange traded fund’s stock valued at $2,071,000 after acquiring an additional 155 shares during the last quarter. Allworth Financial LP raised its stake in shares of Invesco BuyBack Achievers ETF by 7.7% during the fourth quarter. Allworth Financial LP now owns 2,728 shares of the exchange traded fund’s stock valued at $366,000 after acquiring an additional 196 shares during the last quarter. Finally, Garton & Associates Financial Advisors LLC purchased a new stake in shares of Invesco BuyBack Achievers ETF during the fourth quarter worth about $28,000.

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.