Invesco International BuyBack Achievers ETF (NASDAQ:IPKW) Sets New 1-Year High – Time to Buy?

by · The Markets Daily

Invesco International BuyBack Achievers ETF (NASDAQ:IPKW – Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $58.47 and last traded at $58.2850, with a volume of 11373 shares changing hands. The stock had previously closed at $57.43.

Invesco International BuyBack Achievers ETF Trading Up 1.0%

The company has a market capitalization of $506.11 million, a price-to-earnings ratio of 10.59 and a beta of 0.73. The company has a fifty day moving average of $55.62 and a 200-day moving average of $53.16.

Invesco International BuyBack Achievers ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were given a dividend of $0.7373 per share. The ex-dividend date was Monday, December 22nd. This is a boost from Invesco International BuyBack Achievers ETF’s previous quarterly dividend of $0.29. This represents a $2.95 dividend on an annualized basis and a yield of 5.0%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Kestra Private Wealth Services LLC increased its stake in shares of Invesco International BuyBack Achievers ETF by 4.9% in the 4th quarter. Kestra Private Wealth Services LLC now owns 53,994 shares of the company’s stock worth $3,001,000 after acquiring an additional 2,522 shares during the last quarter. UBS Group AG lifted its position in Invesco International BuyBack Achievers ETF by 36.2% in the fourth quarter. UBS Group AG now owns 131,752 shares of the company’s stock valued at $7,322,000 after buying an additional 35,027 shares during the last quarter. Sanctuary Advisors LLC boosted its stake in Invesco International BuyBack Achievers ETF by 3.8% during the fourth quarter. Sanctuary Advisors LLC now owns 98,641 shares of the company’s stock worth $5,482,000 after buying an additional 3,572 shares during the period. Trademark Financial Management LLC boosted its stake in Invesco International BuyBack Achievers ETF by 2.6% during the fourth quarter. Trademark Financial Management LLC now owns 6,755 shares of the company’s stock worth $375,000 after buying an additional 174 shares during the period. Finally, Belpointe Asset Management LLC increased its position in shares of Invesco International BuyBack Achievers ETF by 18.3% during the fourth quarter. Belpointe Asset Management LLC now owns 23,745 shares of the company’s stock valued at $1,320,000 after acquiring an additional 3,668 shares during the last quarter.

About Invesco International BuyBack Achievers ETF

(Get Free Report)

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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