Invesco International BuyBack Achievers ETF (NASDAQ:IPKW) Sees Strong Trading Volume – Here’s What Happened

Invesco International BuyBack Achievers ETF (NASDAQ:IPKW) saw strong trading volume on Tuesday . 171,020 shares were traded during trading, an increase of 133% from the previous session’s volume of 73,248 shares.The stock last traded at $58.45 and had previously closed at $57.85.

Invesco International BuyBack Achievers ETF Stock Up 1.2%

The stock has a fifty day moving average of $57.20 and a 200-day moving average of $55.98. The stock has a market capitalization of $529.79 million, a price-to-earnings ratio of 10.59 and a beta of 0.64.

Invesco International BuyBack Achievers ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were issued a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend was Monday, March 23rd.

Hedge Funds Weigh In On Invesco International BuyBack Achievers ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sarver Vrooman Wealth Advisors acquired a new stake in shares of Invesco International BuyBack Achievers ETF in the fourth quarter valued at approximately $26,000. Trust Co. of Vermont acquired a new stake in shares of Invesco International BuyBack Achievers ETF in the fourth quarter valued at approximately $28,000. Allworth Financial LP acquired a new stake in shares of Invesco International BuyBack Achievers ETF in the third quarter valued at approximately $28,000. Fifth Third Bancorp acquired a new stake in shares of Invesco International BuyBack Achievers ETF in the first quarter valued at approximately $35,000. Finally, Kestra Advisory Services LLC acquired a new stake in shares of Invesco International BuyBack Achievers ETF in the fourth quarter valued at approximately $71,000.

About Invesco International BuyBack Achievers ETF

The Invesco International BuyBack Achievers ETF (IPKW) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a modified market-cap-weighted index of global ex-US companies that have reduced their outstanding shares by at least 5% in the past year. IPKW was launched on Mar 6, 2014 and is managed by Invesco.