Horizon Wealth Management LLC Takes $4.65 Million Position in Invesco International BuyBack Achievers ETF $IPKW

Horizon Wealth Management LLC acquired a new stake in shares of Invesco International BuyBack Achievers ETF (NASDAQ:IPKW) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 83,577 shares of the company’s stock, valued at approximately $4,645,000. Invesco International BuyBack Achievers ETF accounts for 0.7% of Horizon Wealth Management LLC’s investment portfolio, making the stock its 28th largest position. Horizon Wealth Management LLC owned about 0.96% of Invesco International BuyBack Achievers ETF at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of IPKW. Raymond James Financial Inc. increased its position in shares of Invesco International BuyBack Achievers ETF by 93.4% during the second quarter. Raymond James Financial Inc. now owns 418,548 shares of the company’s stock valued at $20,362,000 after purchasing an additional 202,083 shares during the period. Bank of America Corp DE increased its position in shares of Invesco International BuyBack Achievers ETF by 113.0% during the second quarter. Bank of America Corp DE now owns 366,366 shares of the company’s stock valued at $17,824,000 after purchasing an additional 194,381 shares during the period. Jane Street Group LLC increased its position in shares of Invesco International BuyBack Achievers ETF by 148.8% during the first quarter. Jane Street Group LLC now owns 114,753 shares of the company’s stock valued at $5,240,000 after purchasing an additional 68,635 shares during the period. Nikulski Financial Inc. increased its position in shares of Invesco International BuyBack Achievers ETF by 113.3% during the fourth quarter. Nikulski Financial Inc. now owns 117,436 shares of the company’s stock valued at $6,526,000 after purchasing an additional 62,383 shares during the period. Finally, Jones Financial Companies Lllp increased its position in shares of Invesco International BuyBack Achievers ETF by 103.5% during the third quarter. Jones Financial Companies Lllp now owns 71,742 shares of the company’s stock valued at $3,765,000 after purchasing an additional 36,483 shares during the period.

Invesco International BuyBack Achievers ETF Stock Performance

IPKW opened at $59.08 on Monday. The stock has a market cap of $534.67 million, a PE ratio of 10.59 and a beta of 0.64. Invesco International BuyBack Achievers ETF has a 1 year low of $46.04 and a 1 year high of $60.41. The stock’s 50 day simple moving average is $57.18 and its 200-day simple moving average is $56.14.

Invesco International BuyBack Achievers ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were given a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date was Monday, March 23rd.

Invesco International BuyBack Achievers ETF Profile

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.