Invesco BuyBack Achievers ETF (NASDAQ:PKW) Reaches New 12-Month High – Should You Buy?

Invesco BuyBack Achievers ETF (NASDAQ:PKWGet Free Report) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $151.03 and last traded at $151.03, with a volume of 4848 shares trading hands. The stock had previously closed at $150.29.

Invesco BuyBack Achievers ETF Stock Up 0.0%

The company has a market cap of $1.77 billion, a P/E ratio of 15.13 and a beta of 0.92. The business’s 50 day moving average is $143.21 and its 200 day moving average is $138.45.

Invesco BuyBack Achievers ETF Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors 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 was Monday, June 22nd.

Hedge Funds Weigh In On Invesco BuyBack Achievers ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Garton & Associates Financial Advisors LLC purchased a new stake in shares of Invesco BuyBack Achievers ETF during the fourth quarter valued at about $28,000. Axiom Investment Management LLC purchased a new position in shares of Invesco BuyBack Achievers ETF in the 1st quarter worth approximately $52,000. Trust Co. of Vermont bought a new position in shares of Invesco BuyBack Achievers ETF during the 2nd quarter worth approximately $28,000. Cardiff Park Advisors LLC purchased a new stake in Invesco BuyBack Achievers ETF during the first quarter valued at approximately $79,000. Finally, Main Street Group LTD purchased a new stake in Invesco BuyBack Achievers ETF during the first quarter valued at approximately $79,000.

Invesco BuyBack Achievers ETF Company Profile

(Get Free Report)

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.

Further Reading

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