Invesco International BuyBack Achievers ETF (NASDAQ:IPKW) Sees Unusually-High Trading Volume – Should You Buy?

Invesco International BuyBack Achievers ETF (NASDAQ:IPKW) shares saw strong trading volume on Monday. 290,125 shares were traded during trading, an increase of 427% from the previous session’s volume of 55,058 shares. The stock last traded at $59.67 and had previously closed at $60.07.

Invesco International BuyBack Achievers ETF Trading Down 0.6%

The stock has a market capitalization of $549.15 million, a PE ratio of 10.59 and a beta of 0.64. The firm’s fifty day moving average is $60.48 and its 200-day moving average is $59.03.

Invesco International BuyBack Achievers ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Monday, September 21st were given a dividend of $0.2494 per share. This is a drop from Invesco International BuyBack Achievers ETF’s previous quarterly dividend of $0.4503. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Monday, September 21st.

Institutional Investors Weigh In On Invesco International BuyBack Achievers ETF

A number of institutional investors and hedge funds have recently made changes to their positions in IPKW. McKinley Carter Wealth Services Inc. purchased a new position in Invesco International BuyBack Achievers ETF during the 3rd quarter valued at about $227,000. Cyndeo Wealth Partners LLC acquired a new position in Invesco International BuyBack Achievers ETF in the 3rd quarter valued at about $201,000. Kellett Wealth Advisors LLC grew its position in Invesco International BuyBack Achievers ETF by 16.9% in the 3rd quarter. Kellett Wealth Advisors LLC now owns 408,736 shares of the company’s stock valued at $24,242,000 after acquiring an additional 59,219 shares in the last quarter. Breakwater Capital Group increased its stake in Invesco International BuyBack Achievers ETF by 7.4% during the third quarter. Breakwater Capital Group now owns 160,008 shares of the company’s stock worth $9,490,000 after purchasing an additional 11,013 shares during the period. Finally, Financial Enhancement Group LLC purchased a new stake in Invesco International BuyBack Achievers ETF during the third quarter worth about $3,917,000.

Invesco International BuyBack Achievers ETF Company 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.