Invesco BuyBack Achievers ETF (NASDAQ:PKW) Hits New 1-Year High – Time to Buy?

Invesco BuyBack Achievers ETF (NASDAQ:PKWGet Free Report) reached a new 52-week high during trading on Wednesday . The stock traded as high as $142.46 and last traded at $141.66, with a volume of 29846 shares traded. The stock had previously closed at $142.25.

Invesco BuyBack Achievers ETF Stock Performance

The stock has a market capitalization of $1.68 billion, a PE ratio of 15.13 and a beta of 0.93. The stock has a 50-day moving average price of $137.84 and a two-hundred day moving average price of $136.43.

Invesco BuyBack Achievers ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were issued a $0.2575 dividend. This represents a $1.03 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Monday, June 22nd.

Hedge Funds Weigh In On Invesco BuyBack Achievers ETF

Several large investors have recently added to or reduced their stakes in the company. Garton & Associates Financial Advisors LLC bought a new position in shares of Invesco BuyBack Achievers ETF in the fourth quarter worth approximately $28,000. Chesapeake Asset Management LLC purchased a new stake in shares of Invesco BuyBack Achievers ETF in the fourth quarter worth $34,000. Axiom Investment Management LLC bought a new stake in shares of Invesco BuyBack Achievers ETF during the 1st quarter valued at $52,000. Cardiff Park Advisors LLC bought a new stake in shares of Invesco BuyBack Achievers ETF during the 1st quarter valued at $79,000. Finally, Main Street Group LTD purchased a new position in shares of Invesco BuyBack Achievers ETF during the 1st quarter valued at $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.

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