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

by · The Markets Daily

Shares of Invesco International BuyBack Achievers ETF (NASDAQ:IPKW – Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $60.61 and last traded at $60.60, with a volume of 5426 shares changing hands. The stock had previously closed at $59.68.

Invesco International BuyBack Achievers ETF Stock Performance

The business has a 50 day moving average of $57.98 and a 200-day moving average of $57.83. The company has a market capitalization of $553.28 million, a P/E ratio of 10.59 and a beta of 0.63.

Invesco International BuyBack Achievers ETF Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were paid a dividend of $0.4504 per share. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $1.80 annualized dividend and a yield of 3.0%.

Hedge Funds Weigh In On Invesco International BuyBack Achievers ETF

A number of institutional investors have recently made changes to their positions in IPKW. Kellett Wealth Advisors LLC grew its position in Invesco International BuyBack Achievers ETF by 3.6% during the fourth quarter. Kellett Wealth Advisors LLC now owns 246,102 shares of the company’s stock valued at $13,677,000 after acquiring an additional 8,666 shares during the last quarter. UBS Group AG boosted its stake in shares of Invesco International BuyBack Achievers ETF by 36.2% during the 4th quarter. UBS Group AG now owns 131,752 shares of the company’s stock valued at $7,322,000 after purchasing an additional 35,027 shares in the last quarter. Horizon Wealth Management LLC bought a new stake in Invesco International BuyBack Achievers ETF during the 4th quarter valued at approximately $4,645,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Invesco International BuyBack Achievers ETF during the 4th quarter worth approximately $1,366,000. Finally, Breakwater Capital Group raised its position in shares of Invesco International BuyBack Achievers ETF by 9.5% in the 1st quarter. Breakwater Capital Group now owns 141,409 shares of the company’s stock worth $7,956,000 after acquiring an additional 12,246 shares in the last quarter.

Invesco International BuyBack Achievers ETF Company Profile

(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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