Invesco BuyBack Achievers ETF (NASDAQ:PKW) Hits New 52-Week High – Should You Buy?

Invesco BuyBack Achievers ETF (NASDAQ:PKW) hit a new 52-week high on Thursday . The stock traded as high as $144.84 and last traded at $144.84, with a volume of 2023 shares trading hands. The stock had previously closed at $143.54.

Invesco BuyBack Achievers ETF Trading Down 0.6%

The firm has a market cap of $1.69 billion, a P/E ratio of 15.13 and a beta of 0.92. The stock’s fifty day moving average is $139.16 and its two-hundred day moving average is $137.11.

Invesco BuyBack Achievers ETF Announces Dividend

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

Institutional Trading of Invesco BuyBack Achievers ETF

Hedge funds have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC boosted its stake in Invesco BuyBack Achievers ETF by 9.0% in the first quarter. Integrated Wealth Concepts LLC now owns 4,148 shares of the exchange traded fund’s stock worth $467,000 after buying an additional 342 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Invesco BuyBack Achievers ETF during the first quarter worth about $417,000. JPMorgan Chase & Co. grew its position in shares of Invesco BuyBack Achievers ETF by 1.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 32,289 shares of the exchange traded fund’s stock worth $3,991,000 after buying an additional 391 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in Invesco BuyBack Achievers ETF by 16.4% in the second quarter. NewEdge Advisors LLC now owns 28,115 shares of the exchange traded fund’s stock valued at $3,475,000 after acquiring an additional 3,951 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in Invesco BuyBack Achievers ETF by 2.1% in the second quarter. Bank of America Corp DE now owns 780,882 shares of the exchange traded fund’s stock valued at $96,517,000 after acquiring an additional 16,109 shares in the last quarter.

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.