Foundations Investment Advisors LLC Makes New $399,000 Investment in Invesco BuyBack Achievers ETF $PKW

Foundations Investment Advisors LLC bought a new position in shares of Invesco BuyBack Achievers ETF (NASDAQ:PKW) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,232 shares of the exchange traded fund’s stock, valued at approximately $399,000.

Several other institutional investors have also made changes to their positions in the stock. Costello Asset Management INC increased its stake in Invesco BuyBack Achievers ETF by 77.0% during the 2nd quarter. Costello Asset Management INC now owns 216 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 94 shares during the period. Assetmark Inc. lifted its position in shares of Invesco BuyBack Achievers ETF by 262.8% during the 1st quarter. Assetmark Inc. now owns 283 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 205 shares during the period. Bangor Savings Bank acquired a new stake in shares of Invesco BuyBack Achievers ETF during the 2nd quarter worth $95,000. Harbour Investments Inc. increased its position in shares of Invesco BuyBack Achievers ETF by 43.2% in the first quarter. Harbour Investments Inc. now owns 1,011 shares of the exchange traded fund’s stock worth $114,000 after purchasing an additional 305 shares during the period. Finally, Ameritas Advisory Services LLC acquired a new position in Invesco BuyBack Achievers ETF in the second quarter valued at about $115,000.

Invesco BuyBack Achievers ETF Stock Down 0.3%

Shares of Invesco BuyBack Achievers ETF stock opened at $127.26 on Thursday. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 15.13 and a beta of 1.05. Invesco BuyBack Achievers ETF has a 12-month low of $96.10 and a 12-month high of $134.95. The firm’s 50-day moving average price is $131.09 and its two-hundred day moving average price is $126.27.

Invesco BuyBack Achievers ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Monday, September 22nd were issued a dividend of $0.3774 per share. This is a boost from Invesco BuyBack Achievers ETF’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $1.51 dividend on an annualized basis and a dividend yield of 1.2%.

Invesco BuyBack Achievers ETF 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.