Invesco International BuyBack Achievers ETF (NASDAQ:IPKW) Sees Strong Trading Volume – Here’s What Happened

Shares of Invesco International BuyBack Achievers ETF (NASDAQ:IPKW) saw an uptick in trading volume on Friday . 90,023 shares traded hands during mid-day trading, an increase of 55% from the previous session’s volume of 58,020 shares.The stock last traded at $61.9350 and had previously closed at $61.92.

Invesco International BuyBack Achievers ETF Stock Performance

The stock has a market capitalization of $564.94 million, a PE ratio of 10.59 and a beta of 0.63. The business has a 50 day moving average of $59.68 and a two-hundred day moving average of $58.39.

Invesco International BuyBack Achievers ETF Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were given a dividend of $0.4504 per share. 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

Several hedge funds and other institutional investors have recently bought and sold shares of IPKW. UBS Group AG raised its position in Invesco International BuyBack Achievers ETF by 36.2% during the fourth quarter. UBS Group AG now owns 131,752 shares of the company’s stock worth $7,322,000 after acquiring an additional 35,027 shares during the last quarter. Horizon Wealth Management LLC acquired a new position in shares of Invesco International BuyBack Achievers ETF during the 4th quarter worth approximately $4,645,000. Breakwater Capital Group lifted its stake in 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. Patriot Financial Group Insurance Agency LLC lifted its stake in Invesco International BuyBack Achievers ETF by 112.4% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 29,050 shares of the company’s stock valued at $1,634,000 after buying an additional 15,375 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in Invesco International BuyBack Achievers ETF during the 4th quarter valued at $1,366,000.

Invesco International BuyBack Achievers ETF Company Profile

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.