Invesco BuyBack Achievers ETF (NASDAQ:PKW) Sees Large Volume Increase – Time to Buy?

Invesco BuyBack Achievers ETF (NASDAQ:PKW) shares saw unusually-high trading volume on Friday . Approximately 27,803 shares changed hands during trading, an increase of 54% from the previous session’s volume of 18,062 shares.The stock last traded at $119.99 and had previously closed at $120.26.

Invesco BuyBack Achievers ETF Stock Performance

The firm has a 50 day simple moving average of $119.21 and a two-hundred day simple moving average of $111.39. The firm has a market capitalization of $1.27 billion, a P/E ratio of 12.93 and a beta of 1.09.

Invesco BuyBack Achievers ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were paid a dividend of $0.23 per share. This is an increase from Invesco BuyBack Achievers ETF’s previous quarterly dividend of $0.22. The ex-dividend date was Monday, September 23rd. This represents a $0.92 annualized dividend and a dividend yield of 0.77%.

Institutional Trading of Invesco BuyBack Achievers ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in PKW. Larson Financial Group LLC purchased a new position in shares of Invesco BuyBack Achievers ETF in the 2nd quarter worth about $31,000. Mendota Financial Group LLC bought a new position in Invesco BuyBack Achievers ETF during the third quarter valued at approximately $59,000. Valley Wealth Managers Inc. bought a new position in Invesco BuyBack Achievers ETF during the third quarter valued at approximately $90,000. Dunhill Financial LLC bought a new stake in shares of Invesco BuyBack Achievers ETF in the 3rd quarter worth approximately $115,000. Finally, Lion Street Advisors LLC purchased a new position in Invesco BuyBack Achievers ETF in the 3rd quarter worth $202,000.

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.