Invesco BuyBack Achievers ETF (NASDAQ:PKW) Sees Large Volume Increase – Here’s Why

Invesco BuyBack Achievers ETF (NASDAQ:PKWGet Free Report) saw strong trading volume on Tuesday . 97,123 shares traded hands during mid-day trading, an increase of 243% from the previous session’s volume of 28,292 shares.The stock last traded at $147.90 and had previously closed at $146.26.

Invesco BuyBack Achievers ETF Stock Performance

The company has a market cap of $1.71 billion, a price-to-earnings ratio of 15.13 and a beta of 0.92. The company’s fifty day moving average is $140.78 and its two-hundred day moving average is $137.62.

Invesco BuyBack Achievers ETF Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were paid a $0.2575 dividend. The ex-dividend date was Monday, June 22nd. This represents a $1.03 dividend on an annualized basis and a dividend yield of 0.7%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Garton & Associates Financial Advisors LLC purchased a new stake in Invesco BuyBack Achievers ETF in the fourth quarter valued at $28,000. Axiom Investment Management LLC purchased a new position in shares of Invesco BuyBack Achievers ETF during the 1st quarter valued at about $52,000. Main Street Group LTD acquired a new position in shares of Invesco BuyBack Achievers ETF in the 1st quarter valued at about $79,000. Cardiff Park Advisors LLC acquired a new position in shares of Invesco BuyBack Achievers ETF in the 1st quarter valued at about $79,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of Invesco BuyBack Achievers ETF in the fourth quarter worth about $87,000.

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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