Cornerstone Wealth Management LLC Acquires 162 Shares of Invesco BuyBack Achievers ETF (NASDAQ:PKW)

Cornerstone Wealth Management LLC grew its holdings in shares of Invesco BuyBack Achievers ETF (NASDAQ:PKW) by 1.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,747 shares of the exchange traded fund’s stock after acquiring an additional 162 shares during the quarter. Cornerstone Wealth Management LLC’s holdings in Invesco BuyBack Achievers ETF were worth $1,323,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of PKW. Venturi Wealth Management LLC bought a new stake in shares of Invesco BuyBack Achievers ETF during the 4th quarter valued at about $43,000. Millstone Evans Group LLC bought a new stake in shares of Invesco BuyBack Achievers ETF during the 4th quarter valued at about $48,000. Noble Wealth Management PBC bought a new stake in Invesco BuyBack Achievers ETF in the 4th quarter worth approximately $54,000. Kohmann Bosshard Financial Services LLC bought a new stake in Invesco BuyBack Achievers ETF in the 4th quarter worth approximately $92,000. Finally, Blair William & Co. IL lifted its position in Invesco BuyBack Achievers ETF by 32.9% in the 4th quarter. Blair William & Co. IL now owns 877 shares of the exchange traded fund’s stock worth $101,000 after buying an additional 217 shares during the last quarter.

Invesco BuyBack Achievers ETF Price Performance

NASDAQ:PKW opened at $119.68 on Thursday. The business has a 50 day moving average of $114.24 and a 200 day moving average of $115.40. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of 15.62 and a beta of 1.09. Invesco BuyBack Achievers ETF has a 1-year low of $96.10 and a 1-year high of $125.31.

Invesco BuyBack Achievers ETF Increases Dividend

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

About Invesco BuyBack Achievers ETF

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.