Invesco International BuyBack Achievers ETF (NASDAQ:IPKW – Get Free Report) saw a significant drop in short interest in October. As of October 15th, there was short interest totaling 5,815 shares, a drop of 55.4% from the September 30th total of 13,024 shares. Based on an average daily trading volume, of 25,592 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are short sold.
Institutional Trading of Invesco International BuyBack Achievers ETF
A number of institutional investors have recently bought and sold shares of IPKW. Insight Wealth Strategies LLC raised its holdings in Invesco International BuyBack Achievers ETF by 3.4% in the 2nd quarter. Insight Wealth Strategies LLC now owns 6,452 shares of the company’s stock valued at $364,000 after acquiring an additional 215 shares during the last quarter. Fifth Third Bancorp acquired a new stake in shares of Invesco International BuyBack Achievers ETF during the first quarter worth $35,000. Daner Wealth Management LLC grew its position in shares of Invesco International BuyBack Achievers ETF by 8.5% in the first quarter. Daner Wealth Management LLC now owns 12,787 shares of the company’s stock valued at $749,000 after purchasing an additional 1,005 shares during the period. Envestnet Asset Management Inc. grew its position in shares of Invesco International BuyBack Achievers ETF by 5.8% in the second quarter. Envestnet Asset Management Inc. now owns 26,965 shares of the company’s stock valued at $1,519,000 after purchasing an additional 1,476 shares during the period. Finally, IRON Financial LLC increased its stake in Invesco International BuyBack Achievers ETF by 40.9% in the first quarter. IRON Financial LLC now owns 5,556 shares of the company’s stock valued at $313,000 after purchasing an additional 1,613 shares during the last quarter.
Invesco International BuyBack Achievers ETF Price Performance
Shares of IPKW stock traded down $0.27 during midday trading on Friday, reaching $59.86. 15,538 shares of the company traded hands, compared to its average volume of 55,362. The firm’s 50 day simple moving average is $60.17 and its two-hundred day simple moving average is $58.70. The firm has a market cap of $553.71 million, a PE ratio of 10.59 and a beta of 0.64. Invesco International BuyBack Achievers ETF has a 1-year low of $51.35 and a 1-year high of $62.17.
Invesco International BuyBack Achievers ETF Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Monday, September 21st were issued 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 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Monday, September 21st.
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.
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