Invesco BuyBack Achievers ETF (NASDAQ:PKW) Hits New 52-Week Low – Here’s What Happened

Shares of Invesco BuyBack Achievers ETF (NASDAQ:PKW) hit a new 52-week low on Friday . The stock traded as low as $100.41 and last traded at $102.61, with a volume of 15979 shares traded. The stock had previously closed at $107.42.

Invesco BuyBack Achievers ETF Stock Down 6.3 %

The business’s 50-day simple moving average is $115.70 and its two-hundred day simple moving average is $116.99. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 13.06 and a beta of 1.02.

Invesco BuyBack Achievers ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were issued a $0.3078 dividend. The ex-dividend date was Monday, March 24th. This is an increase from Invesco BuyBack Achievers ETF’s previous dividend of $0.22.

Hedge Funds Weigh In On Invesco BuyBack Achievers ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of PKW. FMR LLC boosted its stake in shares of Invesco BuyBack Achievers ETF by 2.3% in the third quarter. FMR LLC now owns 40,287 shares of the exchange traded fund’s stock valued at $4,614,000 after purchasing an additional 903 shares during the period. Kovitz Investment Group Partners LLC boosted its position in Invesco BuyBack Achievers ETF by 1.0% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 14,209 shares of the exchange traded fund’s stock valued at $1,596,000 after buying an additional 136 shares during the period. Jane Street Group LLC acquired a new position in shares of Invesco BuyBack Achievers ETF in the third quarter worth $432,000. EP Wealth Advisors LLC purchased a new stake in shares of Invesco BuyBack Achievers ETF during the third quarter worth $687,000. Finally, National Bank of Canada FI raised its stake in shares of Invesco BuyBack Achievers ETF by 9.8% in the third quarter. National Bank of Canada FI now owns 4,660 shares of the exchange traded fund’s stock valued at $534,000 after acquiring an additional 415 shares in the last quarter.

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.