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

Shares of Invesco International BuyBack Achievers ETF (NASDAQ:IPKW) 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

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.