Invesco BuyBack Achievers ETF (NASDAQ:PKW) Sets New 12-Month High – Should You Buy?

by · The Cerbat Gem

Invesco BuyBack Achievers ETF (NASDAQ:PKW – Get Free Report)’s share price hit a new 52-week high on Thursday . The stock traded as high as $135.82 and last traded at $135.89, with a volume of 4185 shares trading hands. The stock had previously closed at $134.57.

Invesco BuyBack Achievers ETF Price Performance

The company has a fifty day moving average price of $131.03 and a two-hundred day moving average price of $127.84. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of 15.13 and a beta of 1.05.

Invesco BuyBack Achievers ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Monday, September 22nd were issued a $0.3774 dividend. This represents a $1.51 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Monday, September 22nd. This is a positive change from Invesco BuyBack Achievers ETF’s previous quarterly dividend of $0.37.

Hedge Funds Weigh In On Invesco BuyBack Achievers ETF

Hedge funds have recently made changes to their positions in the business. Financial Engines Advisors L.L.C. lifted its stake in Invesco BuyBack Achievers ETF by 10.1% during the first quarter. Financial Engines Advisors L.L.C. now owns 2,908 shares of the exchange traded fund’s stock valued at $328,000 after purchasing an additional 266 shares during the last quarter. Kovitz Investment Group Partners LLC bought a new position in shares of Invesco BuyBack Achievers ETF in the first quarter valued at $1,613,000. Raymond James Financial Inc. increased its holdings in shares of Invesco BuyBack Achievers ETF by 7.3% in the first quarter. Raymond James Financial Inc. now owns 268,522 shares of the exchange traded fund’s stock valued at $30,253,000 after buying an additional 18,337 shares in the last quarter. Ethos Financial Group LLC acquired a new stake in shares of Invesco BuyBack Achievers ETF during the 1st quarter valued at $355,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of Invesco BuyBack Achievers ETF by 20.4% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 28,309 shares of the exchange traded fund’s stock valued at $3,189,000 after acquiring an additional 4,788 shares during the last quarter.

Invesco BuyBack Achievers ETF Company Profile

(Get Free Report)

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.

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