Invesco BuyBack Achievers ETF (NASDAQ:PKW) Reaches New 12-Month High – What’s Next?

Invesco BuyBack Achievers ETF (NASDAQ:PKW) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $146.00 and last traded at $146.00, with a volume of 1005 shares changing hands. The stock had previously closed at $144.56.

Invesco BuyBack Achievers ETF Stock Performance

The firm has a market capitalization of $1.70 billion, a P/E ratio of 15.13 and a beta of 0.92. The firm has a 50 day moving average price of $140.05 and a two-hundred day moving average price of $137.41.

Invesco BuyBack Achievers ETF Announces Dividend

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

Hedge Funds Weigh In On Invesco BuyBack Achievers ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Belpointe Asset Management LLC raised its holdings in Invesco BuyBack Achievers ETF by 1.2% during the 4th quarter. Belpointe Asset Management LLC now owns 9,268 shares of the exchange traded fund’s stock worth $1,245,000 after buying an additional 109 shares during the period. Quantinno Capital Management LP boosted its holdings in shares of Invesco BuyBack Achievers ETF by 1.9% in the first quarter. Quantinno Capital Management LP now owns 6,698 shares of the exchange traded fund’s stock worth $879,000 after buying an additional 123 shares during the period. Bank of Montreal Can increased its position in shares of Invesco BuyBack Achievers ETF by 1.3% in the fourth quarter. Bank of Montreal Can now owns 11,581 shares of the exchange traded fund’s stock worth $1,556,000 after acquiring an additional 145 shares in the last quarter. Pacific Sun Financial Corp raised its holdings in shares of Invesco BuyBack Achievers ETF by 1.0% during the fourth quarter. Pacific Sun Financial Corp now owns 15,421 shares of the exchange traded fund’s stock valued at $2,071,000 after acquiring an additional 155 shares during the period. Finally, Capital Advisors Ltd. LLC raised its holdings in shares of Invesco BuyBack Achievers ETF by 4.7% during the fourth quarter. Capital Advisors Ltd. LLC now owns 4,206 shares of the exchange traded fund’s stock valued at $565,000 after acquiring an additional 189 shares during the period.

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.