Destiny Wealth Partners LLC Has $1.12 Million Position in Invesco BuyBack Achievers ETF $PKW

Destiny Wealth Partners LLC lowered its holdings in Invesco BuyBack Achievers ETF (NASDAQ:PKW) by 2.4% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 9,092 shares of the exchange traded fund’s stock after selling 223 shares during the quarter. Destiny Wealth Partners LLC’s holdings in Invesco BuyBack Achievers ETF were worth $1,124,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. LPL Financial LLC grew its position in Invesco BuyBack Achievers ETF by 3.3% in the 1st quarter. LPL Financial LLC now owns 392,318 shares of the exchange traded fund’s stock valued at $44,201,000 after purchasing an additional 12,694 shares during the period. Raymond James Financial Inc. grew its position in Invesco BuyBack Achievers ETF by 7.3% in the 1st quarter. Raymond James Financial Inc. now owns 268,522 shares of the exchange traded fund’s stock valued at $30,253,000 after purchasing an additional 18,337 shares during the period. Pacific Wealth Strategies Group Inc. grew its position in Invesco BuyBack Achievers ETF by 0.3% in the 1st quarter. Pacific Wealth Strategies Group Inc. now owns 114,774 shares of the exchange traded fund’s stock valued at $12,931,000 after purchasing an additional 355 shares during the period. Sovran Advisors LLC grew its position in Invesco BuyBack Achievers ETF by 92.2% in the 2nd quarter. Sovran Advisors LLC now owns 46,046 shares of the exchange traded fund’s stock valued at $5,782,000 after purchasing an additional 22,088 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its position in Invesco BuyBack Achievers ETF by 3.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 43,546 shares of the exchange traded fund’s stock valued at $5,013,000 after purchasing an additional 1,447 shares during the period.

Invesco BuyBack Achievers ETF Trading Down 0.7%

NASDAQ PKW opened at $130.75 on Friday. The company has a fifty day simple moving average of $129.01 and a 200 day simple moving average of $120.07. Invesco BuyBack Achievers ETF has a 12-month low of $96.10 and a 12-month high of $132.90. The company has a market cap of $1.43 billion, a P/E ratio of 15.13 and a beta of 1.09.

Invesco BuyBack Achievers ETF Increases Dividend

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

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.