Invesco BuyBack Achievers ETF (NASDAQ:PKW) Sets New 52-Week High – What’s Next?

Invesco BuyBack Achievers ETF (NASDAQ:PKW)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $143.90 and last traded at $143.87, with a volume of 22396 shares trading hands. The stock had previously closed at $143.03.

Invesco BuyBack Achievers ETF Stock Down 1.2%

The business has a 50 day moving average price of $138.34 and a 200 day moving average price of $136.74. The stock has a market cap of $1.66 billion, a P/E ratio of 15.13 and a beta of 0.92.

Invesco 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 issued a dividend of $0.2575 per share. The ex-dividend date was Monday, June 22nd. This represents a $1.03 dividend on an annualized basis and a yield of 0.7%.

Institutional Trading of Invesco BuyBack Achievers ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Garton & Associates Financial Advisors LLC bought a new stake in shares of Invesco BuyBack Achievers ETF during the fourth quarter worth $28,000. Chesapeake Asset Management LLC purchased a new stake in shares of Invesco BuyBack Achievers ETF during the fourth quarter valued at $34,000. Axiom Investment Management LLC bought a new position in shares of Invesco BuyBack Achievers ETF in the first quarter worth about $52,000. Main Street Group LTD bought a new position in shares of Invesco BuyBack Achievers ETF in the first quarter worth about $79,000. Finally, Cardiff Park Advisors LLC purchased a new position in Invesco BuyBack Achievers ETF in the 1st quarter worth about $79,000.

Invesco BuyBack Achievers ETF Company Profile

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.